Micatin, Inc.'s comparative income statement follows. The 2023 data are given as needed. (Click the icon to view the data.) Read the requirements. 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, XX, and do not enter the %. For example, enter 10.1% as 10.1.) Profit margin ratio % 2025 2024 15.2% 10.4 % Requirement 2. Calculate the rate of return on total assets for 2025 and 2024. Begin by selecting the formula to calculate the rate of return on total assets. Rate of return on total assets (Net income + Interest expense) + Average total assets Now, calculate the rate of return on total assets 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.) 2025 Rate of return on total assets% % 2024 Data table Net Sales Revenue Cost of Goods Sold Micatin, Inc. Comparative Income Statement Years Ended December 31, 2025 and 2024 Selling and Administrative Expenses Interest Expense Income Tax Expense Net Income Additional data: Total Assets 2025 2024 2023 $ 181,000 $ 160,000 93,500 86,500 45,000 40,500 8,000 12,000 7,000 4,400 $ 27,500 $ 16,600 $ 209,000 $ 187,000 $ 167,000 Common Stockholders' Equity 96,000 91,500 80,500 Preferred Dividends 2,000 2,000 Common Shares Outstanding During the Year 15,000 15,000 10,000 Print Done 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? Print Done