Keller Cosmetics maintains an operating profit margin of 8.05% and a sales-to-assets ratio of 3.00. It has assets of $510,000 and equity of $310,000. Assume that interest payments are $31,000 and the tax rate is 40%.

What is the return on assets?

What is the return on equity?

Note: For all requirement, enter your answers as a percent rounded to 2 decimal places.