Keller Cosmetics maintains an operating profit margin of 8.90% and a sales-to-assets ratio of 3.70. It has assets of $680,000 and equity of $480,000. Assume that interest payments are $48,000 and the tax rate is 34%.

a. What is the return on assets? (Enter your answer as a percent rounded to 2 decimal places.)

b. What is the return on equity? (Enter your answer as a percent rounded to 2 decimal places.)