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Allied Construction and Axis Construction reported the following information in their annual financial statements (5 in millions): Allied Construction Sales Net income Total assets 2821
Allied Construction and Axis Construction reported the following information in their annual financial statements (5 in millions): Allied Construction Sales Net income Total assets 2821 $57.ee 3,990 31, 2020 $48.800 3,182 23.02 Axis Construction Sales Net income Total assets 2021 $86,200 3,900 53,202 2020 $77.22 4,500 63,000 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 % % Assel 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 3-a. Which company has the better profit margin? O Axis O Allied 3-b. Which company has the better esset turnover? O Axis O Allied
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