You are given the following information for smashville, inc.

Cost of goods sold:	$	234,000
Investment income:	$	2,600
Net sales:	$	397,000
Operating expense:	$	92,000
Interest expense:	$	7,400
Dividends:	$	12,000
Tax rate:		40	%

Current liabilities:	$	20,000
Cash:	$	21,000
Long-term debt:	$	22,000
Other assets:	$	42,000
Fixed assets:	$	131,000
Other liabilities:	$	5,000
Investments:	$	46,000
Operating assets:	$	47,000

Gross margin: 41.06

Operating margin: 17.88

Calculate the return on assets and return on equity

Return on Assets:

Return on Equity: