(L. OBJ. 4) Analyzing profitability [10—15 min] The Micatin, Inc., comparative income s...

(L. OBJ. 4) Analyzing profitability [10—15 min]

The Micatin, 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 rate of return on common stockholders’ equity.

4. Calculate the EPS.

5. Did the company’s operating performance improve or deteriorate during 2012?