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 $11,750 million in the first year and $18,796 million in the second year. Common equity was equal to $6,250 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) Year 2 Year 1 Net Sales 6,350 5,000 Operating costs except depreciation and amortization 1,610 1,495 Depreciation and amortization 318 200 Total Operating Costs 1,928 1,695 Operating Income (or EBIT) 4,422 3,305 Less: Interest 597 264 Earnings before taxes (EBT) 3,825 3,041 Less: Taxes (40%) 1,530 1,216 Net Income 2,295 1,825 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 Operating margin 66.10% Profit margin 36.14% Return on total assets 15.53% Return on common equity 29.20% Basic earning power 23.53% 4