1. Oceanic Fisheries and Continental Farms reported the following for 2023:

Oceanic Fisheries:

• Revenue: $240 million
• COGS: $144 million
• Operating Expenses: $105 million
• Net Income: -$9 million
• Total Assets: $260 million
• Total Liabilities: $125 million

Continental Farms:

• Revenue: $235 million
• COGS: $140 million
• Operating Expenses: $108 million
• Net Income: -$13 million
• Total Assets: $255 million
• Total Liabilities: $130 million

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