1. Coastal Fisheries and Inland Farms reported the following for 2023:

Coastal Fisheries:

• Revenue: $120 million
• COGS: $72 million
• Operating Expenses: $45 million
• Net Income: $3 million
• Total Assets: $140 million
• Total Liabilities: $65 million

Inland Farms:

• Revenue: $115 million
• COGS: $70 million
• Operating Expenses: $48 million
• Net Income: $2 million
• Total Assets: $135 million
• Total Liabilities: $70 million

Compare the gross profit margins of both companies. Calculate the operating profit margins. Determine which company has a better debt-to-equity ratio.