Question: Problem 2 9 - 2 Performance measures Keller Cosmetics maintains an operating profit margin of 8 % and a sales - to - assets ratio

Problem 29-2 Performance measures
Keller Cosmetics maintains an operating profit margin of 8% and a sales-to-assets ratio of 3. It has assets of $500,000 and equity of
$300,000. Assume that interest payments are $30,000 and the tax rate is 25%.
a. What is the return on assets?
b. What is the return on equity?
Note: For all requirement, enter your answers as a percent rounded to 2 decimal places.
Problem 29-2 Performance measures Keller Cosmetics maintains an operating profit margin

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