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21 Rippard's has a debt ratio of 26 percent, a total asset turnover ratio of 2.2 and a return on equity (ROE) of 78 percent.
21
Rippard's has a debt ratio of 26 percent, a total asset turnover ratio of 2.2 and a return on equity (ROE) of 78 percent. Compute Rippard's net profit margin. (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). Your Step by Step Solution
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