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 $31,2019.$

$\backslash$table$[[,$Bimini Corporation,Prowel Inc.,$],[$Sales$,2020,2019,2020,2019],[$Gross profit,$$656,000,,$$$1,620,000,],[$Operating expenses,$304,000,,706,000,],[$Deprecation expense,$130,000,,336,000,],[$Interest expense,$11,200,,14,600,],[$Income tax expense,$4,900,,17,600,],[$Current assets,$59,000,,145,000,],[$Property$,$ plant, and equipment $($net$),434,000,399,000,914,000,964,000],[$Current liabilities,$156,000,93,000,473,000,476,000],[$Long$-$term liabilities,$103,000,163,000,200,000,274,000],[$Common shares,$257,000,253,000,652,000,602,000],[$Retained earnings,$133,000,118,000,429,000,404,000]]$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 $31,2019.$

$\backslash$table$[[,$Bimini Corporation,Prowel Inc.,$],[$Sales$,2020,2019,2020,2019],[$Gross profit,$$656,000,,$$$1,620,000,],[$Operating expenses,$304,000,,706,000,],[$Deprecation expense,$130,000,,336,000,],[$Interest expense,$11,200,,14,600,],[$Income tax expense,$4,900,,17,600,],[$Current assets,$59,000,,145,000,],[$Property$,$ plant, and equipment $($net$),434,000,399,000,914,000,964,000],[$Current liabilities,$156,000,93,000,473,000,476,000],[$Long$-$term liabilities,$103,000,163,000,200,000,274,000],[$Common shares,$257,000,253,000,652,000,602,000],[$Retained earnings,$133,000,118,000,429,000,404,000]]$

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$.15\mathrm{.}3.)$

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$.15\mathrm{.}3.)$

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$.15\mathrm{.}3\%.$ Round asset turnover to $2$ decimal places, e$.$g$.1\mathrm{.}53.)$

$\backslash$table$[[,$Return on assets,Asset Turnover,Return on equity$],[$Bimini Corporation,$\%,,]]$

eTextbook and Media

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$.15\mathrm{.}3\%.$ Round asset turnover to $2$ decimal places, e$.$g$.1\mathrm{.}53.)$

$\backslash$table$[[,$Return on assets,Asset Turnover,Return on equity$],[$Bimini Corporation,$\%,,]]$

eTextbook and Media