Question: Problem 3 - 5 ROE Needham Pharmaceuticals has a profit margin of 2 . 5 % and an equity multiplier of 1 . 9 .

Problem 3-5
ROE
Needham Pharmaceuticals has a profit margin of 2.5% and an equity multiplier of 1.9. Its sales are $120 million and it has total assets of $52 million. What is its Return on Equity (ROE)? Round your answer to two decimal places.
%
Problem 3 - 5 ROE Needham Pharmaceuticals has a

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