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Home > Education > Homework Help > Finance & Accounting   »   Return on Assest/Return on Equity

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Old Jul 15, 2006, 08:52 PM
coop357
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Return on Assest/Return on Equity

Lily Cosmetics has annual sales of $500,000,000
maintains a net after tax profit margin of 5% and has a sales-to-assets ratio of 4
a. What is its return on assets? Return on assets = 20% (I figured this out)
b. What is its return on equity? ( I need help on this one)

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