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Question 21 (3 points) Rippard's has a debt ratio of 11 percent, a total asset turnover ratio of 1.8 and a return on equity (ROE)

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Question 21 (3 points) Rippard's has a debt ratio of 11 percent, a total asset turnover ratio of 1.8 and a return on equity (ROE) of 80 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)

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