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%.)

	Profit margin ratio %
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%.)

	Rate of return on total assets %
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.)

	Asset turnover ratio
2019		times
2018		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%.)

	Rate of return on common stockholders' equity %
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.)

	Earnings per share
2019
2018

Requirement 6. Calculate the

2019

dividend payout on common stock. Assume dividends per share for common stock are equal to

$0.27

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%.)

	Dividend payout on common stock %
2019		%

Requirement 7. Did the company's operating performance improve or deteriorate during

2019?

The company's operating performance

deteriorated

improved

during

2019.

Variline, Inc. Comparative Income Statement Years Ended December 31, 2019 and 2018 Dollars in thousands 2019 2018 2017 Net Sales Revenue $ 184,000 $ 152,000 Cost of Goods Sold 98,000 83,500 Selling and Administrative Expenses 49,500 44,000 Interest Expense 7,500 9,500 Income Tax Expense 10,000 9,000 $ 19,000 $ 6,000 Net Income Additional data: Total Assets $ 210,000 $ 190,000 $ 168,000 Common Stockholders' Equity 95,500 84,000 80,000 Preferred Dividends 3,500 3,500 0 Common Shares Outstanding During the Year 15,000 15,000 10,000