Calculate ladanion return on assets

Reference no: EM131522439

Question: 1. 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 asset turnover ratios.

2. LaDanion's Limos reports net income of $120,000, average total assets of $600,000, and average total liabilities of $240,000. Calculate LaDanion's return on assets and return on equity ratios.

Reference no: EM131522439

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Calculate ladanion return on assets : 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.

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