1. East Wind Logistics and West Wind Services reported the following for 2023:

East Wind Logistics:

• Revenue: $170 million
• COGS: $102 million
• Operating Expenses: $70 million
• Net Income: -$2 million
• Total Assets: $190 million
• Total Liabilities: $90 million

West Wind Services:

• Revenue: $165 million
• COGS: $95 million
• Operating Expenses: $72 million
• Net Income: -$2 million
• Total Assets: $185 million
• Total Liabilities: $95 million

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