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Homework answers / question archive / Keller Cosmetics maintains an operating profit margin of 8
Keller Cosmetics maintains an operating profit margin of 8.25% and a sales-to-assets ratio of 3.40. It has assets of $550,000 and equity of $350,000. Assume that interest payments are $35,000 and the tax rate is 40%.
Enter answer as a percent rounded to two decimal places
1. What is the return on assets?
2. What is the return on equity?
