McCormick, Inc.'s comparative income statement follows. The 2017 data are given as needed. (Click the icon to view the data.) Data Table Read the requirements. McCormick, Inc. Requirement 1. Calculate the profit margin ratio for 2019 and 2018. Begin by selecting the formula to calculate the profit margin ratio. Comparative Income Statement Years Ended December 31, 2019 and 2018 Dollars in thousands 2019 2018 2017 Profit margin ratio $ 183,000 $ 151,000 96,000 85,500 Net Sales Revenue Cost of Goods Sold Selling and Administrative Expenses Interest Expense Income Tax Expense 47,000 41,000 i Requirements 9,500 10,500 11,500 10,000 $ 19,000 $ 4,000 Net Income Additional data: Total Assets $ 201,000 $ 188,000 $ 166,000 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 $0.16 per share. Did the company's operating performance improve or during 2019? 94,500 82,500 79,500 Common Stockholders' Equity Preferred Dividends Common Shares Outstanding During the Year 3,000 3,000 0 25,000 25,000 15,000 Print Done Print Done Choose from any drop-down list and then click Check Answer. 12 Pemaining Clear All