Solved: What is the return on assets and equity, Corporate Finance

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What is the return on assets and equity

Assignment:

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. Interest payments are $30,000 and the tax rate is 35%. What is the return on assets? What is the return on equity?

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Corporate Finance: What is the return on assets and equity

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Corporate Finance: What is the return on assets and equity

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