Question
Keller Cosmetics maintains an operating profit margin of 3% and asset turnover ratio of 4. a. What is its ROA? (Round your answer to the
Keller Cosmetics maintains an operating profit margin of 3% and asset turnover ratio of 4.
a.What is its ROA?(Round your answer to the nearest whole percent.)
ROA%
b.If its debt-to-equity ratio is 0.9, its interest payments and taxes are each $7,500, and EBIT is $22,000, what is its ROE?(Round your intermediate calculations to 3 decimal place and final answer to 2 decimal places.)
ROE%
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Managerial Accounting For Managers
Authors: Eric Noreen
1st Edition
73526975, 978-0073526973
