Homework 2 The San Pedro Products, Inc. 2018 and 2017 comparative income statement is below. In addition selected information from 2016 is also given just below the comparative income statement (because you will need some of it). Requirements: (round calculations) 1. Calculate the profit margin ratio for 2018 and 2017 What is the formula? 201812.3%_workarea:23,000/187,0002017_workarea:2018201711.8%workarea:workarea:(9,000+12,500)/(180,000+184,000)/2 2. Calculate the rate of return on total assets for 2018 and 2017 . What is the formula? 20182017_11.8% 3. Calculate the rate of return on common stockholders' equity for 2018 and 2017. What is the formula? \[ 2018 \_21.8 \% \_ \text {work area: _ } \] need2016info) 4. Calculate the earnings per share for 2018 and 2017. What is the formula? (65cents)2018.65workarea:(23,0003,500)/30,000()201710.workarea:(need2016#sharesforave.sotake2016#ofshares+2017#ofshares,thendivideby2) 5. Calculate the 2018 dividend payout on common stock. What is the formula? Answer .72 work area