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Allied Construction and Axis Construction reported the following information in their annual financial statements (S in millions): Allied Construction Sales 2021 2020 $56,000 $50,000
Allied Construction and Axis Construction reported the following information in their annual financial statements (S in millions): Allied Construction Sales 2021 2020 $56,000 $50,000 Total assets 3,500 26,000 3,600 21,000 Net income Axis Construction Sales Net income Total assets 2021 2020 $89,000 3,700. 53,000 $72,000 4,000 59,000 Required: 1. Calculate Allied Construction's return on assets, profit margin, and asset turnover ratio for 2021. (Do not round your intermediate calculations. Round your answers to 2 decimal places.) Return on assets Profit margin Asset turnover % times 2. Calculate Axis Construction's return on assets, profit margin, and asset turnover ratio for 2021. (Do not round your intermediate calculations. Round your answers to 2 decimal places.) Return on assets % Profit margin % Asset turnover times
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