= Homework: Ch 17 Homework B - Graded Varsity, 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 Question 8, EF17-20 (similar to) Part 1 of 13 HW Score: 73.99%, 35.52 of 48 points Points: 0 of 6 Save Data table Varsity, 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 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 $0.33 per share. 7. Did the company's operating performance improve or deteriorate during 2025? Net Income Additional data: Total Assets Print Done Help me solve this Etext pages Get more help 2025 2024 2023 $ 179,000 $ 155,000 96,000 85,000 47,500 41,500 9,500 10,000 13,000 9,000 $ 13,000 $ 9,500 $ 206,000 $190,000 $ 174,000 Common Stockholders' Equity 91,500 85,500 77,000 Preferred Dividends 2,000 2,000 0 Common Shares Outstanding During the Year 15,000 15,000 10,000 Print Done Clear all Check