What is the return on assets-what is the return on equity

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Reference no: EM131065616

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. Interest payments are $34,000 and the tax rate is 35%.

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: EM131065616

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