Peyton's Palace has net income of $13.4 million on sales revenue of $114 million. Total assets were $80 million at the beginning of the year and $88 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).)

Peyton's return on assets, profit margin, and asset turnover ratios are:

a. Return on assets

Average total assets= (Beginning assets +  Ending assets)/2

Average total assets= ($80 million + $88 million)/2

Average total assets= $168 /2

Average total assets= $84 million

Return on Assets = Annual Net Income ÷ Average Total assets

 Return on Assets = $13.4 million ÷ $84 million

 Return on Assets = $159.52 million

b. Profit Margin

Profit Margin = Net Income ÷ Net Sales

Profit Margin= $13.4 million ÷ $114 million

Profit Margin= 11.75%

c. Assets turnover ratio

Average total assets =(Beginning assets +  Ending assets)/2

Average total assets= ($80 million + $88 million) /2

Average total assets= $168 /2

Average total assets= $84 million

Asset Turnover Ratio = Net Sales ÷ Average Total assets

 Asset Turnover Ratio= $114 million ÷ $84 million

 Asset Turnover Ratio= 1.36 times

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Return on Assets = 159.52%

Profit Margin = 11.75%

Asset Turnover Ratio = 1.36 times

Explanation:

The computation of return on assets, profit margin, and asset turnover ratios is shown below:-

a. Return on assets

Average Total Assets = Assets in the beginning + Assets at the end ÷ 2

= ($80 million + $88 million) ÷ 2

= $168 ÷ 2

= $84 million

Return on Assets = Annual Net Income ÷ Average Total assets

= $13.4 million ÷ $84 million

= $159.52 million

b. Profit Margin

Profit Margin = Net Income ÷ Net Sales

= $13.4 million ÷ $114 million

= 11.75%

c. Assets turnover ratio

Average Total Assets = Assets in the beginning + Assets at the end ÷ 2

= ($80 million + $88 million) ÷ 2

= $168 ÷ 2

= $84 million

Asset Turnover Ratio = Net Sales ÷ Average Total assets

= $114 million ÷ $84 million

= 1.36 times

gradual dehumanizing effect in which we lose sight of people's personalities and humor.

Explanation:

The downside of increased reliance on technology in the workplace includes gradual dehumanizing effect in which we lose sight of people's personalities and humor.

Surely technological advancements in the work place help the employees a lot in making their work easier and faster. However this also makes them dependent on technology. Resulting in a dehumanizing effect where the worker's ability and hard work is not seen by other people.