Question: Problem 28-2 Performance measures Keller Cosmetics maintains an operating profit margin of 8.95% and a sales-to-assets ratio of 3.80. It has assets of $690,000 and

Problem 28-2 Performance measures Keller Cosmetics maintains an operating profit margin

Problem 28-2 Performance measures Keller Cosmetics maintains an operating profit margin of 8.95% and a sales-to-assets ratio of 3.80. It has assets of $690,000 and equity of $490,000. Assume that interest payments are $49,000 and the tax rate is 30%. a. What is the return on assets? (Enter your answer as a percent rounded to 2 decimal places.) Return on assets % b. What is the return on equity? (Enter your answer as a percent rounded to 2 decimal places.) Return on equity %

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