Vaughn, 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 Requirements 1. Calculate the profit margin ratio for 2025 and 2024. 2. Calculate the rate of return on total assets for 2025 and 2024. 3. Calculate the asset turnover ratio for 2025 and 2024. 4. Calculate the rate of return on common stockholders' equity for 2025 and 2024. 5. Calculate the earnings per share for 2025 and 2024. 6. Calculate the 2025 dividend payout on common stock. Assume dividends per share for common stock are equal to $0.05 per share. 7. Did the company's operating performance improve or deteriorate during 2025? Print Done Data table Net Sales Revenue Cost of Goods Sold Vaughn, 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 $ 179,000 $ 157,000 94,500 87,500 48,500 42,000 7,500 11,500 13,000 10,000 $ 15,500 $ 6,000 Total Assets $ 203,000 $ 193,000 $ 166,000 Common Stockholders' Equity 91,500 81,500 77,000 Preferred Dividends 4,000 4,000 0 Common Shares Outstanding During the Year 30,000 30,000 20,000 Print Done Vaughn, 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 Annual dividend per share + Earnings per share = (Net income + Income tax expense + Interest expense) + Interest expense Data table Vaughn, Inc. Comparative Income Statement Years Ended December 31, 2025 and 2024 Net Sales Revenue Cost of Goods Sold Selling and Administrative Expenses Interest Expense Income Tax Expense Requirements (Net income + Interest expense) + Average total assets (Net income - Preferred dividends) + Average common stockholders' equity 1. Calculate the (Net income + Preferred dividends) + Average common stockholders' equity 2. Calculate the Calculate the (Net income - Preferred dividends) + Weighted average number of common shares outstanding 3. 4. Calculate the 5. Calculate the Net income + Net sales revenue 6. Calculate the 2 common stock Net sales revenue - Average total assets Net Income Additional data: Total Assets 7. Did the compa Net sales revenue + Net income Print Done 2025 2024 2023 $ 179,000 $ 157,000 94,500 87,500 48,500 42,000 7,500 11,500 13,000 10,000 $ 15,500 $ 6,000 $ 203,000 $ 193,000 $ 168,000 Common Stockholders' Equity 91,500 81,500 77,000 Preferred Dividends 4,000 4,000 0 Common Shares Outstanding During the Year 30,000 30,000 20,000 Print Done