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1. Ripper's has a debt ratio of 13 percent, a total asset turnover ratio of 1.9 and a return on equity (ROE) of 57 percent.
1. Ripper's has a debt ratio of 13 percent, a total asset turnover ratio of 1.9 and a return on equity (ROE) of 57 percent.
Compute Rippards net profit margin and round answer to one decimal point as a percent.
2.
Mitchel, Inc. has a debt ratio of 24 percent and ROA 10 percent. Compute Mitchel's Return on Equity (ROE). (Record your answer as a percent rounded to one decimal place but do not include the percent sign in your answer. Thus, record .32184-32.1% as 32.1)
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