The information is the Comparative Income Statement photo.

HILU McKnight, 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 Choose from any drop down ist and then click-Check Answer Clear All 12 parts reining McKnight, Inc. Comparative Income Statement Years Ended December 31, 2019 and 2018 Dollars in thousands 2019 2018 2017 Net Sales Revenue $ 185,000 $ 159,000 Cost of Goods Sold 93,000 85,500 Selling and Administrative Expenses 46,500 44,000 Interest Expense 7.500 10.500 11,500 12.000 Income Tax Expense S 26,000 $ 7,500 Net Income Additional data Total Assets Common Stockholders' Equity Preferred Dividends Common Shares Outstanding During the Year $ 202 000 $ 192,000 $168.000 91.000 85.000 79.500 3.000 3.000 15 000 15.000 10.000 1 Requirements X 1. Calculate the profit margin ratio for 2019 and 2018 2. Calculate the rate of return on total assets for 2019 and 2018. 3. Calculate the asset turnover ratio for 2019 and 2018. 4. Calculate the rate of return on common stockholders' equity for 2019 and 2018. 5. Calculate the earnings per share for 2019 and 2018. 6. Calculate the 2019 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 2019? Mcknight Inc's comparative income statement follows. The 2017 data are given as needed 2 (Click the icon to view the data) Read the requirements Requirement Calculate profit margin ratio for 2019 and 2018 Begin by selecting the formula to calculate the profit margin ratio Profit margin ratio Annual dividend per share Earnings per share (Net income + Income tax expense. Interest expensel interest expense Net income - Interest expense) + Average total assets Net Income - Preferred dividends) -- Average common stockholders equity Net Income + Preferred dividends) - Average common stockholders equity Net Income - Preferred dividends) - Weighted average number of common shares outstanding Net income Net sales revenue Net sales revenue - Average total assets Wet sales revenue income