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Peyton's Palace has net income of $14.3 million on sales revenue of $123 million. Total assets were $89 million at the beginning of the

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Peyton's Palace has net income of $14.3 million on sales revenue of $123 million. Total assets were $89 million at the beginning of the year and $97 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 Net income Peyton's Palace 0% Average total assets Profit Margin Numerator/Denominator Amounts Net income Peyton's Palace 0% Net sales Asset Turnover Numerator/Denominator Not sales Peyton's Palace Average total assets Amounts 0 times

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