Consider the following excerpt of Beehive Corporation's balance sheet and income statement.

$($Click the icon to view the income statement.$)$

$($Click the icon to view the balance sheet.$)$

Requirement

Use the excerpt of Beehive Corporation's balance sheet and its income statement to compute Beehive's profit margin and return on assets for $2022$ and $2023.$ Comment on Beehive's profitability and

changes in profitability from $2022$ to $2023.$ Beehive's total assets at the end of $2021$ were $$161,000$ million.

Begin by determining Beehive's profit margin for $2022$ and $2023.$ First, select the formula and then fill in the amounts. $($Enter amounts in millions as provided to you in the problem statement. Round

your answers to the nearest tenth of a percent, X$.$X$\%.)$

Income statement

Balance sheet