PROBLEM #$8$

$(5$ Points$)$

The Jeremy Duncan Company has determined that its return on equity is $30\mathrm{.}0\%.$ Management is interested in the various components that went into this calculation. However, one of the accountants has misplaced the net profit margin ratio. As a finance wizard, you know how to calculate the net profit margin, given the following information:

Total debt $\frac{?}{?}$ total asset ratio $=34\mathrm{.}0\%.$

Total asset utilization $($turnover$)$ ratio $=2\mathrm{.}45.$

What is the net profit margin for the Duncan Company?