Question
Keller Cosmetics maintains an operating profit margin of 5% and asset turnover ratio of 6. a. What is its ROA? (Round your answer to 2
Keller Cosmetics maintains an operating profit margin of 5% and asset turnover ratio of 6.
a. What is its ROA? (Round your answer to 2 decimal places.)
b. If its debt-equity ratio is 1, its interest payments and taxes are each $9,600, and EBIT is $28,000, what is its ROE? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
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Cornerstones Of Financial Accounting
Authors: Bertrand Piccard, Jay Rich, Jeff Jones, Maryanne Mowen, Don Hansen, Nick Jones
1st Edition
0324657730, 9780324657739
