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Vortex Technologies has a debt ratio of 25%, a total asset turnover ratio of 3.5, and a return on equity (ROE) of 45%. What is Vortex Technologies' net profit margin? (Record answer as a percent rounded to one decimal place.)

Vortex Technologies has a debt ratio of 25%, a total asset turnover ratio of 3.5, and a return on equity (ROE) of 45%. What is Vortex Technologies' net profit margin? (Record answer as a percent rounded to one decimal place.)

Intermediate Financial Management (MindTap Course List)
Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter7: Analysis Of Financial Statements
Section: Chapter Questions
Problem 6P
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Vortex Technologies has a debt ratio of 25%, a total asset turnover ratio of 3.5, and a return on equity (ROE) of 45%. What is Vortex Technologies' net profit margin? (Record answer as a percent rounded to one decimal place.)
Transcribed Image Text:Vortex Technologies has a debt ratio of 25%, a total asset turnover ratio of 3.5, and a return on equity (ROE) of 45%. What is Vortex Technologies' net profit margin? (Record answer as a percent rounded to one decimal place.)
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