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Allied Construction and Axis Construction reported the following information in their annual financial statements ($ in millions): Allied Construction Sales Net income Total assets
Allied Construction and Axis Construction reported the following information in their annual financial statements ($ in millions): Allied Construction Sales Net income Total assets 2021 2020 $52,000 3,300 28,000 $46,000 3,700 24,000 Axis Construction Sales Net income Total assets Required: 2021 2020 $88,000 3,700 $78,000 4,500 52,000 61,000 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
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