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Keller Cosmetics maintains an operating profit margin of 3% and asset turnover ratio of 5. a. What is its ROA? Note: Round your answer
Keller Cosmetics maintains an operating profit margin of 3% and asset turnover ratio of 5. a. What is its ROA? Note: Round your answer to 2 decimal places. b. If its debt-equity ratio is 1, its interest payments and taxes are each $9,900, and EBIT is $29,500, what is its ROE? Note: Do not round intermediate calculations. Round your answer to 2 decimal places. > Answer is complete but not entirely correct. a. ROA b. ROE 15.00 % 30.00 %
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