I need help with this question asap can u please help me in

I need help with this question asap, can u please help me in solving this question.

il What i Ladders, Inc. has a net profit margin of 5.9% on sales of $49.7 million. It has book value of equity of $41.1 million and total book liabilities of$29.8 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.)

Solution

Net profirt margin=Net income/Sales

Hence Net income=($49.7*0.059)=$2.9323million

ROE=Net income/Equity

=(2.9323/41.1)=7.13%(Approx).

Total assets=Equity+Debt

=(41.1+29.8)=$70.9million

ROA=(Net income+interest expense)/Total assets

=(2.9323/70.9)=4.14%(Approx).