Variline, Inc.'s comparative income statement follows. The 2023 data are given as needed. (Click the icon to view the data.) Read the requirements. Requirement 1. Calculate the profit margin ratio for 2025 and 2024. Begin by selecting the formula to calculate the profit margin ratio. Profit margin ratio = Net income + Net sales revenue Now, calculate the profit margin ratio 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.) 2025 2024 Profit margin ratio% 11.2 % 4.1 % Requirement 2. Calculate the rate of return on total assets for 2025 and 2024. Begin by selecting the formula to calculate the rate of return on total assets. Rate of return on total assets = (Net income + Interest expense) + Average total assets Now, calculate the rate of return on total assets 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 total assets % 2025 2024 % % Variline, Inc.'s comparative income statement follows. The 2023 data are given as needed. (Click the icon to Read the requiremen Data table Requirement 1. Cald Begin by selecting th Variline, Inc. Comparative Income Statement Years Ended December 31, 2025 and 2024 Profit margin ratio Net Sales Revenue Now, calculate the pr Cost of Goods Sold Profit m Selling and Administrative Expenses ratio Interest Expense 2025 1 Income Tax Expense 2024 Requirement 2. Cald Begin by selecting th Rate of return on tota Net Income Additional data: Total Assets 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 $ 208,000 $ 185,000 $170,000 %. For example, enter 10.1% a Common Stockholders' Equity Now, calculate the ra Preferred Dividends 93,000 4,000 Rate of re total ass Common Shares Outstanding During the Year 15,000 84,500 4,000 15,000 10,000 79,000 t enter the %. For example, ente 2025 2024 Print Done