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Allied Construction and Axis Construction reported the following information in their annual financial statements ($ in millions): Allied Construction20182017Sales$50,000$45,000Net income3,4003,700Total assets31,00022,000 Axis Construction20182017Sales$87,000$76,000Net income3,8004,300Total assets53,00061,000

Allied Construction and Axis Construction reported the following information in their annual financial statements ($ in millions):

Allied Construction20182017Sales$50,000$45,000Net income3,4003,700Total assets31,00022,000

Axis Construction20182017Sales$87,000$76,000Net income3,8004,300Total assets53,00061,000

  1. Allied Construction's return on assets, profit margin, and asset turnover ratio for 2018
  2. Calculate Axis Construction's return on assets, profit margin, and asset turnover ratio for 2018

3.Which company has the better profit margin

4.Which company has the better asset turnover

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