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Ladders, Inc. has a net profit margin of 5.1% on sales of $50.4 million. It has book value of equity of $38.3 million and
Ladders, Inc. has a net profit margin of 5.1% on sales of $50.4 million. It has book value of equity of $38.3 million and total book liabilities of $30.1 million. What is Ladders' ROE? ROA? Note: Assume the value of Interest Expense is equal to zero. What is Ladders ROE? Ladders ROE is 0.67% (Round to two decimal places.)
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Contemporary Business Mathematics with Canadian Applications
Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs
10th edition
133052311, 978-0133052312
