The CJ, Inc., comparative income statement follows. The 2010 data are given as needed.

Requirements
1. Calculate the rate of return on net sales.
2. Calculate the rate of return on total assets.
3. Calculate the asset turnover ratio.
4. Calculate the rate of return on common stockholders' equity.
5. Calculate the EPS.
6. Calculate the 2012 dividend payout on common stock.
7. Did the company's operating performance improve or deteriorate during2012?

CJ, INC. Comparative Income Statement Years Ended December 31, 2012 and 2011 (Dollars in thousands) Net sales Cost of goods sold Sclling and general expenses 2011 2012 2010 $176,000 $160,000 93,400 86,500 46,000 41,000 Interest expense 9,000 10,300 Income tax expense 10,200 9,600 $ 17,400 $ 12,600 Net income Additional data: Total assets Common stockholders' equity $203,000 $190,000 $175,000 $ 96,600 S 90,100 $ 79,400 $ 3,500 S 3,500 S Preferred dividends Common shares outstanding during the year 20,500 20,500 18,000