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 to 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) Net Sales Operating costs except depreciation and amortization Depreciation and amortization Total Operating costs Year 2 Year 1 5,715 4,500 1,610 1,495 286 180 1,896 1,675 3,8192,825 516 367 3,303 2,458 1,321 983 1,982 1,475 Operating Income (or EBIT) Less: Interest Earnings before taxes (EBT) Less: Taxes (40%) Net Income Calculate the profitability ratios of Triptych Food Corp. in the following table. Convert all calculations to a percentage rounded to two decimal places. Ratio Value Year 2 Year 1 62.78% Operating margin Profit margin 34.68% Return on total assets 13.95% 26.22% Return on common equity Basic earning power 22.58%