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Homework #1 Saved 1 Keller Cosmetics maintains an operating profit margin of 8.05% and a sales-to-assets ratio of 3.00. It has assets of $510,000 and
Homework #1 Saved 1 Keller Cosmetics maintains an operating profit margin of 8.05% and a sales-to-assets ratio of 3.00. It has assets of $510,000 and equity of $310,000. Assume that interest payments are $31,000 and the tax rate is 40%. a. What is the return on assets? (Enter your answer as a percent rounded to 2 decimal places.) 20 points Return on assets % eBook References b. What is the return on equity? (Enter your answer as a percent rounded to 2 decimal places.) Return on equity %
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