Company P’s return on assets, profit margin, and asset turnover ratios.

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Chapter 12, Problem 12.10BE

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To Calculate: Company P’s return on assets, profit margin, and asset turnover ratios.

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Peyton's Palace has net income of $13.4 million on sales revenue of $114 million. Total assets were $80 million at the beginning of the year and $88 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).) Return on Assets Numerator/Denominator Amounts Peyton's Palace % Profit Margin Numerator/Denominator Amounts Peyton's Palace % Asset Turnover Numerator/Denominator Amounts Peyton's Palace times

Peyton's Palace Peyton's Palace has net income of $13.5 million on sales revenue of $115 million. Total assets were $81 million at the beginning of the year and $89 million at the end of the year. Peyton's Palace 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 Return on Assets Numerator/Denominator Profit Margin Numerator/Denominator Asset Turnover Numerator/Denominator Prev BERAI 0 11 7 of 8 Amounts Amounts Amounts || II Next > ▪▪▪▪▪▪▪▪▪ % Help % Save & Exit Submit times Check my work of so 5 9:44 PM 5/9/2023