Ginny has been asked to calculate the profitability ratios of Cold Goose Metal Works, Inc. and make comments on its second-year performance as compared to its first-year performance. The following shows Cold Gooses income statement for the last two years. The company had assets of $8,225,000 in the first year and $13,157,200 in the second year. Common equity was equal to $4,375,000 in the first year, 100% of earnings were paid out as dividends in the first year, and the firm did not issue new stock in the second year. Cold Goose Metal Works, Inc. Year Income Statements Years Ending December 31 Year 2 Year 1 Net Sales $4,445,000 $3,500,000 Operating costs less depreciation and amortization 1,365,000 1,267,500 Depreciation and amortization 222,250 140,000 Tot