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Profitability ratios help in the analysis of the combined impact of liquidity ratios, asset management ratios, and debt management ratios on the operating performance of

Profitability ratios help 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 Triptych Food Corp. and make comments on its second-year performance as compared
with its first-year performance.
The following shows Triptych Food Corp.'s income statement for the last two years. The company had assets of $10,575 million in the first year and
$16,916 million in the second year. Common equity was equal to $5,625 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.
Triptych Food Corp. Income Statement For the Year Ending on December 31(Millions of dollars)
Calculate the profitability ratios of Triptych Food Corp. in the following table. Convert all calculations to a percentage rounded to two decimal places.
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