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Please assist Variline, Inc.'s comparative income statement follows. The 2017 data are given as needed. O Points: 0 of 1 (Click the icon to view

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Variline, Inc.'s comparative income statement follows. The 2017 data are given as needed. O Points: 0 of 1 (Click the icon to view the data.) Save Read the requirements. Data table X Requirement 1. Calculate the profit margin ratio for 2019 and 2018. Variline, Inc. Begin by selecting the formula to calculate the profit margin ratio. Comparative Income Statement Years Ended December 31, 2019 and 2018 Profit margin ratio Dollars in thousands 2019 2018 2017 Net Sales Revenue $ 185,000 $ 152,000 Cost of Goods Sold 93,000 85,000 Selling and Administrative Expenses 45,500 42,000 Interest Expense 7,500 9.500 Income Tax Expense 10,500 10,000 $ 28,500 S 5,500 Net Income Requirements Additional data: Total Assets $ 203,000 $ 189,000 $ 170,000 94,500 82,500 80.000 Calculate the profit margin ratio for 2019 and 2018. Common Stockholders' Equity Preferred Dividends 4,000 4,000 O Calculate the rate of return on total assets for 2019 and 2018. Calculate the asset turnover ratio for 2019 and 2018. Common Shares Outstanding During the Year 15,000 15,000 10,000 Calculate the rate of return on common stockholders' equity for 2019 and 2018. Calculate the earnings per share for 2019 and 2018. Calculate the 2019 dividend payout on common stock. Assume dividends per share for common stock are equal to $0.83 per share. Print Done Did the company's operating performance improve or deteriorate during 2019

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