5. Profitability ratios Profitability ratios help in the analysis of the combined impact of ilquidity ratios; asset management raties, and debt management ratios on the operating performance of a firm. Your boss has asked you to calculate the profitabilty raties of Triptych Food Corp. and make comments on its second-year performance as compared with its first-year performance. The follawing shows Triptych Food Corpis income statement for the last two years. The cocnpany had assets of 57,050 million in the first year and $11,278malion in the second yoar. Common equity was equal to $3,750 million in the first year, and the company distributed 100% of its esmings eut as dividends during the first and the second years. In addition, the firm did not issue new stock during either year. Triptych Food Corp. Income Statement For the Year Ending on December 31 (MIIIlons of dollars) Calculate the prontability ratios of Triptych Food Corp, in the following table. Convert all calculations to a percentage rounded to two decimal placns. Decisien makers and analysts look setply inte profitability ratios to ltenty trends in a cempany's profitability. Profitabity ratios give insights into both the survivabiaty of a company and the benefits that shaceholdens recelve. Identify which of the follewing statements are true about profitability ratios. Check all that apgly