Allied Construction and Axis Construction reported the following information in their annual financial statements ($ in millions): Allied Construction Sales: Net income Total assets Axis Construction Sales Net income 2024 $51,000 2023 $47,000 3,800 27,000 3,800 22,000 2024 $88,000 2023 $74,000 3,700 50,000 4,800 59,000 Total assets Required: 1. Calculate Allied Construction's return on assets, profit margin, and asset turnover ratio for 2024. 2. Calculate Axis Construction's return on assets, profit margin, and asset turnover ratio for 2024. 3-a. Which company has the better profit margin? 3-b. Which company has the better asset turnover? Complete this question by entering your answers in the tabs below. Req 1 Req 2 Req 3A Req 38 Calculate Allied Construction's return on assets, profit margin, and asset turnover ratio for 2024. (Do not round your intermediate calculations. Round your percentage answers to 1 decimal place and "Asset turnover" to 2 decimal places.) Return on assets Profit margin % % Asset turnover times Reg T Req 2 > Allied Construction and Axis Construction reported the following information in their annual financial statements ($ in millions): Allied Construction Sales Net income Total assets Axis Construction Sales Net income 2024 $51,000 2023 $47,000 3,800 27,000 3,800 22,000 2024 2023 $88,000 $74,000 3,700 50,000 4,800 59,000 Total assets Required: 1. Calculate Allied Construction's return on assets, profit margin, and asset turnover ratio for 2024. 2. Calculate Axis Construction's return on assets, profit margin, and asset turnover ratio for 2024. 3-a. Which company has the better profit margin? 3-b. Which company has the better asset turnover? Complete this question by entering your answers in the tabs below. Req 1 Req 21 Req 3A Req 381 Calculate Axis Construction's return on assets, profit margin, and asset turnover ratio for 2024. (Do not round your Intermediate calculations. Round your percentage answers to 1 decimal place and "Asset turnover" to 2 decimal places.) Return on assets % Profit margin Asset turnover % times Allied Construction and Axis Construction reported the following information in their annual financial statements (in millions) Allied Construction Sales Net income Total assets Axis Construction Sales Net income. 2024 $51,000 2023 $47,000 3,800 3,800 27,000 22,000 2824 $88,000 2023 $74,000 3,700 50,000 4,800 59,000 Total assets Required: 1. Calculate Allied Construction's return on assets, profit margin, and asset turnover ratio for 2024. 2. Calculate Axis Construction's return on assets, profit margin, and asset turnover ratio for 2024. 3-a. Which company has the better profit margin? 3-b. Which company has the better asset turnover? Complete this question by entering your answers in the tabs below. Req 1 Req 2 Req 3A Req 38 Which company has the better profit margin? Which company has the better profit margin? Allied Construction and Axis Construction reported the following information in their annual financial statements ($ in millions): Allied Construction Sales Net income Total assets Axis Construction Sales Net income 3,800 27,000 2024 $51,000 2023 $47,000 3,800 22,000 2024 2023 $88,000 $74,000 3,700 50,000 4,800 59,000 Total assets Required: 1. Calculate Allied Construction's return on assets, profit margin, and asset turnover ratio for 2024. 2. Calculate Axis Construction's return on assets, profit margin, and asset turnover ratio for 2024, 3-a. Which company has the better profit margin? 3-b. Which company has the better asset turnover? Complete this question by entering your answers in the tabs below. Req 1 Req 2 Req 3A Req 38 Which company has the better asset turnover? Which company has the better asset turnover