Rippards has a debt ratio of 24 percent a total asset


Rippard's has a debt ratio of 24 percent, a total asset turnover ratio of 1.3 and a return on equity (ROE) of 60 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).

Solution Preview :

Prepared by a verified Expert
Finance Basics: Rippards has a debt ratio of 24 percent a total asset
Reference No:- TGS02209305

Now Priced at $10 (50% Discount)

Recommended (93%)

Rated (4.5/5)