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

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Reference no: EM131082870

Keller Cosmetics maintains an operating profit margin of 8.55% and a sales-to-assets ratio of 3.00. It has assets of $610,000 and equity of $410,000. Interest payments are $41,000 and the tax rate is 30%.

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: EM131082870

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