McCormick, Inc.'s comparative income statement follows. The 2023 data are given as needed. Requirement 1. Calculate the profit margin ratio for 2025 and 2024. Begin by selecting the formula to calculate the profit margin ratio. Profit margin ratio = Net income + Net sales revenue Now, calculate the profit margin ratio for 2025 and 2024. (Round your answers to one tenth of a percent, X.X, and do not enter the %. For example, enter 10.1% as 10.1.) Profit margin 2025 2024 ratio % % % Data table Net Sales Revenue McCormick, Inc. Comparative Income Statement Years Ended December 31, 2025 and 2024 Requirements 2025 2024 2023 1. Calculate the profit margin ratio for 2025 and 2024. $ 187,000 $ 152,000 2. Calculate the rate of return on total assets for 2025 and 2024. 97,500 87,000 3. Calculate the asset turnover ratio for 2025 and 2024. 50,000 41,500 4. Calculate the rate of return on common stockholders' equity for 2025 and 2024. 5. Calculate the earnings per share for 2025 and 2024. 9,500 12,500 11,500 6. 9,000 Calculate the 2025 dividend payout on common stock. Assume dividends per share for common stock are equal to $0.08 per share. Cost of Goods Sold Selling and Administrative Expenses Interest Expense Income Tax Expense Net Income Additional data: Total Assets Common Stockholders' Equity $ 17,500 $ 3,000 $ 205,000 $ 195,000 $ 172,000 96,500 2,500 83,500 80,000 2,500 0 Common Shares Outstanding During the Year 25,000 25,000 10,000 Preferred Dividends 7. Did the company's operating performance improve or deteriorate during 2025? Print Done