If a firm has an after-tax profit margin of 8%, an asset turnover of 3 times, and no debt, what will be its return on assets and return on equity?

Name: If a firm has an after-tax profit margin of 8%, an asset turnover of 3 times, and no debt, what will be its return on assets and return on equity?
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The Answer of If a firm has an after-tax profit margin of 8%, an asset turnover of 3 times, and no debt, what will be its return on assets and return on equity?

If a Firm Has an After-Tax Profit Margin of 8