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Keller Cosmetics maintains an operating profit margin of 8
Keller Cosmetics maintains an operating profit margin of 8.10% and a sales-to-assets ratio of 3.10. It has assets of $520,000 and equity of $320,000. Assume that interest payments are $32,000 and the tax rate is 34%.
What is the return on assets?
What is the return on equity?
Note: For all requirement, enter your answers as a percent rounded to 2 decimal places.
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