Create an Account

Already have account?

Forgot Your Password ?

Home / Questions / Allied Construction and Axis Construction reported the following information in their

Allied Construction and Axis Construction reported the following information in their

Allied Construction and Axis Construction reported the following information in their annual financial statements ($ in millions):

 

Allied Construction

2015

2014

Sales

$48,283

$46,927

Net income

2,809

3,105

Total assets

30,869

27,767

 

Axis Construction

2015

2014

Sales

$77,349

$90,837

Net income

4,395

5,761

Total assets

44,324

52,263

 

Required:

1.  Calculate Allied Construction’s return on assets, profit margin, and asset turnover ratio for 2015.

2.  Calculate Axis Construction’s return on assets, profit margin, and asset turnover ratio for 2015.

3.  Which company has the better profit margin and which company has the better asset turnover? 

Jan 27 2020 View more View Less

Answer (UnSolved)

question Get Solution

Related Questions