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Variline, Inc.'s comparative income statement follows. The 2017 data are given as needed. (Click the icon to view the data.) Read the Requirement 1. Calculate
Variline, Inc.'s comparative income statement follows. The 2017 data are given as needed. (Click the icon to view the data.) Read the 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 = Requirements 1. Calculate the profit margin ratio for 2019 and 2018. 2. Calculate the rate of retum on total assets for 2019 and 2018. 3. Calculate the asset tumover ratio for 2019 and 2018. 4. Calculate the rate of retum on common stockholders' equity for 2019 and 2018. 5. Calculate the eamings 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 $0.45 per share. 7. Did the company's operating performance improve or deteriorate during 2019 ? Data table
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