Variline, Inc.'s comparative income statement follows. The 2023 data are given as needed. (Click the icon to view the data.) Read the requirements. 2025 2024 10.0 % 9.6 % Requirement 3. Calculate the asset turnover ratio for 2025 and 2024. Begin by selecting the formula to calculate the asset turnover. Asset turnover ratio = Net sales revenue + Average total assets Now, calculate the asset turnover ratio for 2025 and 2024. (Round your answers to two decimal places, X.XX.) Asset turnover ratio 0.95 times 2025 0.89 times 2024 Requirement 4. Calculate the rate of return on common stockholders' equity for 2025 and 2024. Begin by selecting the formula to calculate the rate of return on common stockholders' equity. Rate of return on common stockholders' equity = (Net income - Preferred dividends) + Average common stockholders' equity Now, calculate the rate of return on common stockholders' equity for 2025 and 2024. (Round your answers to one tenth of a percent, X.X, and do not enter the %. For example, enter 10.1% as 10.1.) Rate of return on common stockholders' equity% 2025 2024 % % Variline, Inc.'s comparative income statement follows. The 2023 data are given as needed. (Click the icon to view the data.) Read the requirements. Data table - 2024 10.3 70 9.6 % Requirement 3. Calculate the asset tur Begin by selecting the formula to calcul Asset turnover ratio = Net sales r Now, calculate the asset turnover ratio Asset turnover ratio 2025 0.95 times 0.89 times 2024 Requirement 4. Calculate the rate of re Begin by selecting the formula to calcul Net Sales Revenue Cost of Goods Sold Variline, Inc. Comparative Income Statement Years Ended December 31, 2025 and 2024 Selling and Administrative Expenses Interest Expense Income Tax Expense Net Income Additional data: 2025 2024 2023 $ 187,000 $ 158,000 95,500 87,500 49,000 44,000 10,000 10,500 11,500 9,500 $ 21,000 $ 6,500 Total Assets $ 208,000 $ 185,000 $ 170,000 Common Stockholders' Equity 93,000 84,500 79,000 Rate of return on common Preferred Dividends 4,000 4,000 0 stockholders' equity = (Net i Common Shares Outstanding During the Year 15,000 15,000 10,000 Now, calculate the rate of return on con Rate of return on common stockholders' equity % 2025 2024 Print Done ot enter the %. For example, enter 10.1% as 10.1