E-F:17-20 Analyzing profitability Micatin, Inc.'s comparative income statement follows. The 2023 data are given as needed. MICATIN INC. Comparative Income Statement Years Ended December 31, 2025 and 2024 Learning Objective 4 1.2025: 15.2% 2025 2024 2023 Net Sales Revenue $181,000 $160,000 Cost of Goods Sold 93,500 86,500 Selling and Administrative Expenses 45,000 40,500 Interest Expense 8,000 12,000 Income Tax Expense 7,000 4,400 Net Income $ 27,500 $ 16,600 Additional data: Total Assets $209,000 $187,000 $167,000 Common Stockholders' Equity 96,000 91,500 Preferred Dividends 2,000 2,000 80,500 0 Common Shares Outstanding During the Year 15,000 15,000 10,000 Requirements 1. Calculate the profit margin ratio for 2025 and 2024. 2. Calculate the rate of return on total assets for 2025 and 2024. 3. Calculate the asset turnover ratio for 2025 and 2024. 4. Calculate the rate of return on common stockholders' equity for 2025 and 2024. 5. Calculate the earnings per share for 2025 and 2024. 6. Calculate the 2025 dividend payout on common stock. Assume dividends per share for common stock are equal to $1.13 per share. 7. Did the company's operating performance improve or deteriorate during 2025?