Your boss has asked you to calculate the profitability ratios of Blur Corp. and make comments on its second-year performance as compared to its first-year performance The following shows Blur Corp.'s income statement for the last two years. The company had assets of $7,050 million in the first year and $11,278 million in the second year. Common equity was equal to $3,750 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 Blur Corp Income Statement For the Year Ending on December 31 (Millions of dollars) Year 2 Yar 1 Net Sales 3,810 1,365 191 1,556 2,254 225 2,029 812 1,217 3,000 1,268 120 1,388 1,612 210 1,402 561 841 Operating costs except depreciation and amortization Depreciation and amortization Total Operating Costs Operating Income (or EBIT) Less: Interest Earnings before taxes (EBT) Less: Taxes (40%) Net Income