erc 1. Calculate the profit margin ratio for 2019 and 2018. 2. Calculate the rate of return on total assets for 2019 and 2018 3. Calculate the asset turnover ratio for 2019 and 2018 4. Calculate the rate of return on common stockholders' equity for 2019 and 2018 5. Calculate the earnings per share for 2019 and 2018 6. Calculate the 2019 dividend payout on common stock. Assume dividends per share for common stock are equal to $0.30 per share. 7. Did the company's operating performance improve or deteriorate during 2019? Print Done McKnight, Inc. Comparative Income Statement Years Ended December 31, 2019 and 2018 Dollars in thousands 2019 2018 2017 Net Sales Revenue $ 182,000 $ 157,000 Cost of Goods Sold 96,000 85,500 Selling and Administrative Expenses 49,000 41,000 Interest Expense 11.000 11,500 10.500 9.000 Income Tax Expense $ 15,500 $ 10,000 Net Income Additional data: Total Assets $ 204,000 $ 191,000 $ 172,000 Common Stockholders' Equity 92,000 85,000 77,500 Preferred Dividends 4,000 4,000 15,000 15,000 Common Shares Outstanding During the Year 10,000