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...
icon
Related questions
Question

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.)
Transcribed Image Text: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.)
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Managerial Accounting: The Cornerstone of Busines…
Managerial Accounting: The Cornerstone of Busines…
Accounting
ISBN:
9781337115773
Author:
Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:
Cengage Learning
EBK CONTEMPORARY FINANCIAL MANAGEMENT
EBK CONTEMPORARY FINANCIAL MANAGEMENT
Finance
ISBN:
9781337514835
Author:
MOYER
Publisher:
CENGAGE LEARNING - CONSIGNMENT