Selected comparative statement data for Clare and Nick Company are presented here. All balance

sheet data are as of December $31.$

Required:

Compute the following ratios for $2022.$

Profit margin.

Asset turnover.

Return on assets.

Return on common stockholders' equity. Please use the following formula for

determining the return on common stockholders' equity:

Return on common stockholders' equity $,=[$net income $-$ preferred dividends$]/$

$[$average common stockholders' equity$]$