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Allied Construction and Axis Construction reported the following information in their annual financial statements (S in millions)y Allied Sales Net income Total assets $58,000 $44,000
Allied Construction and Axis Construction reported the following information in their annual financial statements (S in millions)y Allied Sales Net income Total assets $58,000 $44,000 3,700 27.000 23,000 3,900 Sales Net income Total assets 390,000 $76,000 4,300 53,000 58,000 3,000 Required: 1. Calculate Alied Construction's return on assets, profit margin, and asset turnover ratio for 2018. (Do not round your intermediate calculations. Round your answers to 2 decimal places) Return on assets Profit margin Asset turnover 6.92 | % 1435 : 96 times 2. Calculate Axis Construction's return on assets, profit margin, and asset turnover ratio for 2018. (Do not round your intermediate calculations. Round your answers to 2 decimal places.) Return on assets Profit margin Asset turnover 3-a. which company has the better profit margin? Timed
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