Rippard's has a debt ratio of 20%, a total asset turnover ratio of 2.7 and a return on equity (ROE) of 51%. Compute Rippard's net profit margin. (Record answer as a percent rounded to one decimal place.)

Rippard's has a debt ratio of 20%, a total asset turnover ratio of 2.7 and a return on equity (ROE) of 51%. Compute Rippard's net profit margin. (Record answer as a percent rounded to one decimal place.)

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 51E: Juroe Company provided the following income statement for last year: Juroes balance sheet as of...

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Accounting question please solve this one

Rippard's has a debt ratio of 20%, a total asset
turnover ratio of 2.7 and a return on equity
(ROE) of 51%.
Compute Rippard's net profit margin. (Record
answer as a percent rounded to one decimal
place.)

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