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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
- Allied Construction's return on assets, profit margin, and asset turnover ratio for 2018
- 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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