Answered step by step
Verified Expert Solution
Question
1 Approved Answer
ROE Needham Pharmaceuticals has a profit margin of 2.5% and an equity multiplier of 1.8. Its sales are $100 million and it has total assets
ROE
Needham Pharmaceuticals has a profit margin of 2.5% and an equity multiplier of 1.8. Its sales are $100 million and it has total assets of $54 million. What is its Return on Equity (ROE)? Round your answer to two decimal places.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started