Profitability ratios help in the analysis of the combined impact of liquidity retios, 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 Stay Swift Corp. and make comments on its second-year performance as compared with its first-vear performance. The following shows Stay Swit Corp's income statement for the last two years. The company had assets of $4,700 millon in the first year and $7,518 million in the second year. Common equity was equal to $2,500 million in the first year, and the company distributed 100% of its earnings out as olvidends during the first and the second years. In addition, the firm did not issue new stock during either year. Stay Swift Corp. Income Statement For the Year Ending on December 31 (Miltions of dollars) Calculate the profitability ratios of Stay Swit Corp. in the following table. Convert all calculations to a percentage rounded to two decimal places. Calculate the profitability ratios of Stay Swift Corp, in the following table. Convert all calculations to a percentage rounded to two decimal places. Decision makers and anaivsts look deeply into profitabisty ratios to identify trends in a company's profitability. Profitability ratios give insights into both the survivability of a company and the benefits that shareholders receive. Identify which of the following statements are true about profitability ratios: Check all that apply