Keller cosmetics maintains an operating profit margin of, Ask an Expert

Finance

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?

b. What is the return on equity?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91825626

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