Needham Pharmaceuticals has a profit margin of 4% and an equity multiplier of 2.0. Its sales are

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Needham Pharmaceuticals has a profit margin of 4% and an equity multiplier of 2.0. Its sales are $100 million and it has total assets of $42 million. What is its Return on Equity (ROE)? Round your answer to two decimal places.

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Corporate Finance A Focused Approach

ISBN: 978-1439078082

4th Edition

Authors: Michael C. Ehrhardt, Eugene F. Brigham

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Posted Date: Mar 08, 2024 04:25 AM

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Needham Pharmaceuticals has a profit margin of 4% and an equity multiplier of 2.0. Its sales are

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Corporate Finance A Focused Approach

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