What is the return on assets and return on equity

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Keller Cosmetics maintains an operating profit margin of 8.45% and a sales-to-assets ratio of 3.80. It has assets of $590,000 and equity of $390,000. Interest payments are $39,000 and the tax rate is 40%. A. What is the return on assets? (Do not round intermediate calculations. Round your answer to 2 decimal places.) B. What is the return on equity? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

Reference no: EM131089389

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