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Peyton's Palace has net income of $14.6 million on sales revenue of $126 million. Total assets were $92 million at the beginning of the
Peyton's Palace has net income of $14.6 million on sales revenue of $126 million. Total assets were $92 million at the beginning of the year and $100 million at the end of the year. Calculate Peyton's return on assets, profit margin, and asset turnover ratios. (Round your final answers to 1 decimal place. Enter your answers in millions. (i.e., $5,500,000 should be entered as 5.5).) Net income Peyton's Palace Peyton's Palace Return on Assets Average total assets Profit Margin % % Asset Turnover times Peyton's Palace
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