Peyton's Palace has net income of $14 million on sales revenue of $120 million. Total assets were

Question:

Peyton's Palace has net income of $14 million on sales revenue of $120 million. Total assets were $86 million at the beginning of the year and $94 million at the end of the year. Calculate Peyton's return on assets, profit margin, and ratios.
Asset Turnover
Asset turnover is sales divided by total assets. Important for comparison over time and to other companies of the same industry. This is a standard business ratio.