Problem:
Keller Cosmetics maintain an operating profit margin of 4.9% and asset turnover ratio of 2.9. What is the ROA? Its debt-equity ratio is 1. Net Operating Profit after tax (NOPAT) is $8,472 and Ner Income is $5,300.
Required:
Question: What is its ROE?
Note: Please explain comprehensively and give step by step solution.