Assignment 04-Analysis of state ellu Profitability ratios help in the analysis of the combined impact of lquidty ratios, asset management ratios, and debt management ratios on the operating performance of firm. Your boss has asked you to calculate the profitabilty ratios of Saty Second Avenue Inc. and make comments on its second-year performance as compared to its first-year performance. The following shows soty Second Avenue Inc's income statement for the last two years. The company had assets of s?.050 m on in the first year and s11.278 million in the second year. Common equity was equal to $3,750 million in the first year, 100% of eannings were paid out as dividends in the first year, and the firm did not issue new stock in the second year. Sixty-second Avenue Inc. Income statement For the Year Ending on December 31, (Millions of dollars Year 2 Year 1 operating costs exoept depredron and amortization Depreciation and amortization 2,254 1,612 Esmings before taxes (EBT 2,029 1402 Less: Taxes (40) 1,217 841 caculate the proftabaty ratios or shty Second Avenue Inc. the following table, convert all calculations to a in Year 2 Year 1 53,73%