Renkas, Inc. Comparative Income Statement Years Ended December 31, 2019 and 2018 Dollars in thousands 2019 2018 Net Sales Revenue $ 187,000 $ 157,000 Cost of Goods Sold 94,000 88.000 2017 Selling and Administrative Expenses Interest Expense 45,500 10,500 11,500 25,500 $ 41,000 12,500 11,000 4,500 Income Tax Expense $ Net Income Additional data: Renkas, Inc.'s comparative income statement follows. The 2017 data are given as needed. (Click the icon to view the data.) Read the requirements. Requirement 1. Calculate the profit margin ratio for 2019 and 2018. Begin by selecting the formula to calculate the profit margin ratio. Profit margin ratio = Now, calculate the profit margin ratio for 2019 and 2018. (Round your answers to one tenth of a percent, X.X%.) 2019: 2018: Requirement 2. Calculate the rate of return on total assets for 2019 and 2018. Begin by selecting the formula to calculate the rate of return on total assets. Rate of return on total assets = Now, calculate the rate of return on total assets for 2019 and 2018. (Round your answers to one tenth of a percent, X.X%.) 2019: 2018: Requirement 3. Calculate the asset turnover ratio for 2019 and 2018. Begin by selecting the formula to calculate the asset turnover. Asset turnover ratio = Now, calculate the asset turnover ratio for 2019 and 2018. (Round your answers to two decimal places, X.XX.) 2019: 2018: times times Requirement 4. Calculate the rate of return on common stockholders' equity for 2019 and 2018. Begin by selecting the formula to calculate the rate of return on common stockholders' equity. Rate of return on common stockholders' equity = Now, calculate the rate of return on common stockholders' equity for 2019 and 2018. (Round your answers to one tenth of a percent, X.X%.) % 2019: 2018: Requirement 5. Calculate the earnings per share for 2019 and 2018. Begin by selecting the formula to calculate the earnings per share. Earnings per share = Now, calculate the earnings per share for 2019 and 2018. (Round your answers to the nearest cent.) 2019: 2018: Requirement 6. Calculate the 2019 dividend payout on common stock. Assume dividends per share for common stock are equal to $0.53 per share. Begin by selecting the formula to calculate the dividend payout on common stock. Dividend payout = Now, calculate the 2019 dividend payout on common stock. (Round interim calculations to the nearest cent and your final answer to the nearest whole percent, X%.) 2019: % Requirement 7. Did the company's operating performance improve or deteriorate during 2019? The company's operating performance during 2019
