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Keller Cosmetics maintains an operating profit margin of 8% and asset turnover ratio of 3. a. What is its ROA? (Round your answer to 2
Keller Cosmetics maintains an operating profit margin of 8% and asset turnover ratio of 3. a. What is its ROA? (Round your answer to 2 decimal places.) Answer is complete and correct. 24.00 % ROA b. If its debt-equity ratio is 1, its interest payments and taxes are each $8,300, and EBIT is $21,500, what is its ROE? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Answer is complete but not entirely correct. ROE 17.82 %
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