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What is ladders return on equity

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Problem 1: Ladders, Inc. has a net profit margin of 12% on sales of 63 million. It has a book value of equity of $46 million and total book liabilities of $31million. What is Ladders' return on equity? Answer in decimals not as a percent up to 2 decimal places. For example, if the answer is 10% put in 0.10 in the answer box.

Reference no: EM132997856

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