Total assets-what is its return on equity

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ROE Needham Pharmaceuticals has a profit margin of 5.5% and an equity multiplier of 1.8. Its sales are $120 million and it has total assets of $50 million. What is its Return on Equity (ROE)? Round your answer to two decimal places. %

Reference no: EM131316369

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Total assets-what is its return on equity : ROE Needham Pharmaceuticals has a profit margin of 5.5% and an equity multiplier of 1.8. Its sales are $120 million and it has total assets of $50 million. What is its Return on Equity (ROE)?

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