Question: Aled Construction and Axis Construction reported the following information in their annual financial statements ($ in millions) 9 Allied Construction Sales Net Income Total assets

 Aled Construction and Axis Construction reported the following information in their
annual financial statements ($ in millions) 9 Allied Construction Sales Net Income

Aled Construction and Axis Construction reported the following information in their annual financial statements ($ in millions) 9 Allied Construction Sales Net Income Total assets 2021 2020 $58,888 $50,000 3,600 3,300 31,000 25,000 Axts Construction 2021 Sales $90.000 Net Income 3,900 Total assets 53,cee 2020 $73.000 4,400 60,000 Required: 1. Calculate Alled Construction's return on assets, profit margin, and asset turnover ratio for 2021 (Do not round your Intermediate calculations, Round your answers to 2 decimal places) Return on Profit margin Anetwover 11.61% 0.2015 1.87 2. Calculator Axis Construction's return an assets, profit margin and asset turnover ratio for 2021. (Do not round your intermediate calculations, Round your answers to 2 decimal places.) Return on asets 7:35 2. Calculate Axis Construction's return on assets, profit margin, and asset turnover ratio for 2021 (Do not round your intermediate calculations. Round your answers to 2 decimal places.) Return on assets Profit margin Asset turnover 7.35% 4.33% 1.69 times 3-a. Which company has the better profit margin? Axis Allied 3-b. Which company has the better asset turnover? Allied Axis

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