$12$

Problem $29-2$ Performance measures

Keller Cosmetics maintains an operating profit margin of $8\mathrm{.}75\%$ and a sales$-$to$-$assets ratio of $3\mathrm{.}40.$ It has assets of $$650,000$ and equity of $$450,000.$ Assume that interest payments are $$45,000$ and the tax rate is $30\%.$

$5$

points

a$.$ What is the return on assets?

b$.$ What is the return on equity?

$01$:$15$:$02$

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

$\backslash$table$[[$a$.$ Return on assets,,$\%$