Profitability ratios 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 st. mcstanky beer co. and make comments on its second-year performance as compared with its first-year performance. the following shows st. mcstanky beer co.’s income statement for the last two years. the company had assets of $3,525 million in the first year and $5,639 million in the second year. common equity was equal to $1,875 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