5. profitability ratios profitability ratios in the analysis of the combined impact of liquidity ratios, asset management ratios, and debt management ratios on the operating performance of a firm. your boss has asked you to calculate the profitability ratios of st. mcstanky beer co. and make comments on its second-year performance as compared with its first-year performance. the following shows st. mcstanky beer co.’s income statement for the last two years. the company had assets of $8,225 million in the first year and $13,157 million in the second year. common equity was equal to $4,375 million in the first year, and the company distributed 100% of its earnings out as dividends during the first and the second years. in addition, the firm did not issue new stock during either year. st. mcstanky beer co. income statement for the year ending on december 31 (millions of dollars) year 2 year 1 net sales 4,445 3,500 operating costs except depreciation and amortization 1,855 1,723 depreciation and amortization 222 140 total operating costs 2,077 1,863 operating income (or ebit) 2,368 1,637 less: interest 237 172 earnings before taxes (ebt) 2,131 1,465 less: taxes (25%) 533 366 net income 1,598 1,099 calculate the profitability ratios of st. mcstanky beer co. in the following table. convert all calculations to a percentage rounded to two decimal places.