Peyton's Palace has net income of $13.9 million on sales revenue of $119 million. Total assets were $85 million at the beginning of the year and $93 million at the end of the year. Calculate Peyton's return on assets, profit margin, and asset turnover ratios. (Enter your answers in millions. (i.e., $5,500,000 should be entered as 5.5).) Peyton's Palace Peyton's Palace Peyton's Palace Return on Assets Numerator/Denominator Profit Margin Numerator/Denominator Asset Turnover Numerator/Denominator 11 11 11 Amounts Amounts Amounts 11 11 "1 0% 0% 0 times
Peyton's Palace has net income of $13.9 million on sales revenue of $119 million. Total assets were $85 million at the beginning of the year and $93 million at the end of the year. Calculate Peyton's return on assets, profit margin, and asset turnover ratios. (Enter your answers in millions. (i.e., $5,500,000 should be entered as 5.5).) Peyton's Palace Peyton's Palace Peyton's Palace Return on Assets Numerator/Denominator Profit Margin Numerator/Denominator Asset Turnover Numerator/Denominator 11 11 11 Amounts Amounts Amounts 11 11 "1 0% 0% 0 times
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Brief Exercise 12-10 (Algo) Calculate profitability ratios (LO12-4)
Peyton's Palace has net income of $13.9 million on sales revenue of $119 million. Total assets were $85 million at the beginning of the
year and $93 million at the end of the year.
Calculate Peyton's return on assets, profit margin, and asset turnover ratios. (Enter your answers in millions. (i.e., $5,500,000 should
be entered as 5.5).)
Peyton's Palace
Peyton's Palace
Peyton's Palace
Return on Assets
Numerator/Denominator
Profit Margin
Numerator/Denominator
Asset Turnover
Numerator/Denominator
11
Am ts
Amounts
Amounts
II
0%
0%
0 times
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