Question
Keller Cosmetics maintains an operating profit margin of 8.75% and a sales-to-assets ratio of 3.40. It has assets of $650,000 and equity of $450,000. Interest
Keller Cosmetics maintains an operating profit margin of 8.75% and a sales-to-assets ratio of 3.40. It has assets of $650,000 and equity of $450,000. Interest payments are $45,000 and the tax rate is 30%. What is the return on assets? and What is the return on equity?
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Public Finance A Contemporary Application Of Theory To Policy
Authors: David N Hyman
10th Edition
053875446X, 978-0538754460
