Needham Pharmaceuticals has a profit margin of 4% and an equity multiplier of 1.8. Its sales are
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Needham Pharmaceuticals has a profit margin of 4% and an equity multiplier of 1.8. Its sales are $130 million and it has total assets of $60 million. What is its return on equity (ROE)? Do not round intermediate calculations. Round your answer to two decimal places.
____ %
Related Book For
Corporate Finance A Focused Approach
ISBN: 978-1439078082
4th Edition
Authors: Michael C. Ehrhardt, Eugene F. Brigham
Posted Date: