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Jackson Corporation has a profit margin of 9 percent, total asset turnover of 1 . 0 3 , and ROE of 1 4 . 4

Jackson Corporation has a profit margin of 9 percent, total asset turnover of 1.03, and ROE of 14.43 percent. What is this firm's
equity ratio?
Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.
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