Ladders, Inc. has a net profit margin of $5\mathrm{.}4\%$ on sales of $$48\mathrm{.}5$ million. It has book value of equity of $$38\mathrm{.}9$ million and total book liabilities of $$29\mathrm{.}1$ million. What is Ladders' ROE? ROA? Note: Assume the value of interest expense is equal to zero.

What is Ladders' ROE?

Ladders' ROE is $\%($Round to two decimal places.$)$