Question: 7 Selected comparative statement data for Binimi Corporation and Prowel Inc., two competitors, appears below. All balance sheet data is as of December 31,2020 ,




7
Selected comparative statement data for Binimi Corporation and Prowel Inc., two competitors, appears below. All balance sheet data is as of December 31,2020 , and December 31,2019. Prepare common-size analysis of the 2020 income statement data for Bimini Corporation and Prowel Inc. (If an amount reduces the account balance then enter with negative sign. Round percentage values to 1 decimal place, e.g. 15.3.) Calculate the return on assets, the asset turnover, and the return on equity ratios for both companies. (Round return on assets and return on equity to 1 decimal place, e.g. 15.3\%. Round asset turnover to 2 decimal places, e.g. 1.53.)
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