Question: 6. Problem 3-05 (ROE) eBook ROE Needham Pharmaceuticals has a profit margin of 3% and an equity multiplier of 1.8. Its sales are $110 million

6. Problem 3-05 (ROE) eBook ROE Needham Pharmaceuticals has a profit margin of 3% and an equity multiplier of 1.8. Its sales are $110 million and it has total assets of 550 million. What Is its return on equity (ROE)? Do not round intermediate calculations. Round your answer to two decimal places. 96

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