Rivertown Media has reported a total asset turnover of 2.8 times and an ROA of 15% and ROE of 22%. What is the firm's net profit margin?

Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter10: Evaluating Decentralized Operations
Section: Chapter Questions
Problem 4BE: Profit margin, investment turnover, and ROI Briggs Company has operating income of 36,000, invested...
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What is the firm's net profit margin?

Rivertown Media has reported
a total asset turnover of 2.8
times and an ROA of 15% and
ROE of 22%. What is the firm's
net profit margin?
Transcribed Image Text:Rivertown Media has reported a total asset turnover of 2.8 times and an ROA of 15% and ROE of 22%. What is the firm's net profit margin?
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