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Peyton's Palace has net income of $17 million on sales revenue of $220 million. Total assets were $62 million at the beginning of the year
Peyton's Palace has net income of $17 million on sales revenue of $220 million. Total assets were $62 million at the beginning of the year and $96 million at the end of the year. |
Calculate Peyton's return on assets, profit margin, and asset turnover ratios. (Round your answers to 2 decimal places. Omit the "%" sign in your response.) |
Return on assets | % | |
Profit margin | % | |
Asset turnover | times |
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