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Keller Cosmetics maintains an operating profit margin of 8 % and a sales - to - assets ratio of 3 . It has assets of

Keller Cosmetics maintains an operating profit margin of 8% and a sales-to-assets ratio of 3. It has assets of $500,000 and equity of $300,000. Assume that interest payments are $30,000 and the tax rate is 25%.
a. What is the return on assets?
b. What is the return on equity?
Note: For all requirement, enter your answers as a percent rounded to 2 decimal places.
Answer is complete but not entirely correct.
\table[[a. Return on assets,0.24ox,%
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