Needham Pharmaceuticals has a profit margin of 3% and an equity multiplier of 2.0. Its sales are

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Needham Pharmaceuticals has a profit margin of 3% and an equity multiplier of 2.0. Its sales are $100 million and it has total assets of $50 million. What is its ROE?

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Corporate Finance A Focused Approach

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Authors: Michael C. Ehrhardt, Eugene F. Brigham

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Question Posted: Sep 23, 2011 11:05 AM

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Needham Pharmaceuticals has a profit margin of 3% and an equity multiplier of 2.0. Its sales are

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Corporate Finance A Focused Approach

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