White, 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, XX, and do not enter the %. For example, enter 10.1% as 10.1.) 2025 2024 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 $0.20 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 White, Inc. Comparative Income Statement Years Ended December 31, 2025 and 2024 Selling and Administrative Expenses Interest Expense Income Tax Expense Net Income 2025 2024 2023 $ 185,000 $ 153,000 97,500 86,000 46,000 43,500 10,500 11,000 12,500 8,000 $ 18,500 $ 4,500 Additional data: Total Assets $ 205,000 $ 192,000 $ 171,000 Common Stockholders' Equity 94,000 82,000 77,000 Preferred Dividends 2,500 2,500 0 Common Shares Outstanding During the Year 20,000 20,000 15,000