Keller cosmetics maintains an operating profit margin of


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. Interest payments are $49,000 and the tax rate is 30%. What is the return on Equity?

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Financial Management: Keller cosmetics maintains an operating profit margin of
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