Brief Exercise 12-10 Calculate profitability ratios (LO12-4)

Peytons Palace has net income of $13.3 million on sales revenue of $113 million. Total assets were $79 million at the beginning of the year and $87 million at the end of the year. Calculate Peytons return on assets, profit margin, and asset turnover ratios. (Round ratios to 1 decimal place. Enter your answer in millions rounded to 1 decimal place. (i.e., $5,500,000 should be entered as 5.5).)

Peyton's Palace Peyton's Palace Peyton's Palace Return on Assets Profit Margin Asset Turnover