What is the return on assets-operating profit margin

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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.) Return on assets % b. What is the return on equity? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Return on equity

Reference no: EM131084367

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What is the return on assets-operating profit margin : 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%. What is the return on assets?

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