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Comparative income statement data for Crane Inc. and Blue Ltd., two competitors are shown below for the year ended December 31.2021. Crane Blue $1,620,000 $511,000
Comparative income statement data for Crane Inc. and Blue Ltd., two competitors are shown below for the year ended December 31.2021. Crane Blue $1,620,000 $511,000 941,220 324,996 678,780 186,004 469,800 90,447 Net sales Cost of goods sold Gross proft Operating expenses Profit from operations Interest expense Profit before income tax Income tax expense Pront 208.980 95,557 6,400 1,252 202,580 94,305 60,774 23,576 $141,806 $70,729 Additional information: $895,000 $251,563 Average total assets Average total shareholders equity 778,000 239,808 Calculate the gross profit margin, profit margin, asset turnover, return on assets, and return on equity ratios for 2021 for each company. (Round answers to 1 decimal place, eg. 12.5 or 12.5%.) Crane Blue Gross Profit Margin % % Profit Margin % % Asset Turnover times times Return on Assets % % Return on Equity
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