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Keller Cosmetics maintains an operating profit margin of 8.80% and a sales-to-assets ratio of 3.05. It has assets of $610,000 and equity of $410,000. Assume
Keller Cosmetics maintains an operating profit margin of 8.80% and a sales-to-assets ratio of 3.05. It has assets of $610,000 and equity of $410,000. Assume that interest payments are $41,000 and the tax rate is 30%. What is the return on assets? What is the return on equity
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