Keller Cosmetics maintains an operating profit margin of 8.20% and a sales-to-assets ratio of 3.30. It has assets of $54

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Keller Cosmetics Maintains An Operating Profit Margin Of 8 20 And A Sales To Assets Ratio Of 3 30 It Has Assets Of 54 1 (22.37 KiB) Viewed 55 times

Keller Cosmetics maintains an operating profit margin of 8.20% and a sales-to-assets ratio of 3.30. It has assets of $540,000 and equity of $340,000. Assume that interest payments are $34,000 and the tax rate is 35%. a. What is the return on assets? (Enter your answer as a percent rounded to 2 decimal places.) Answer is complete but not entirely correct. Return on assets 13.50 % b. What is the return on equity? (Enter your answer as a percent rounded to 2 decimal places.) Answer is complete but not entirely correct. Return on equity 21.43 %