What is its return on equity

Assignment Help Financial Accounting
Reference no: EM132204032

Needham Pharmaceuticals has a profit margin of 5.5% and an equity multiplier of 2.1. Its sales are $90 million and it has total assets of $54 million. What is its Return on Equity (ROE)? Round your answer to two decimal places.

Reference no: EM132204032

Questions Cloud

Madden enterprises sells two? products : Madden Enterprises sells two? products, Silver models and Gold models. Madden Enterprises predicts that it will sell 6,300 Silver models and 4,000 Gold
Compute the price of a bond : a. Compute the price of a bond b. Compute the total values of the 58 bonds
While mary corens was a student at the university : While Mary Corens was a student at the University of Tennessee, she borrowed $12,000 in student loans at an annual interest rate of 9.10%.
What is morris tie ratio : What is Morris's TIE ratio? Round intermediate calculations to two decimal places. Round your answer to two decimal places.
What is its return on equity : What is its Return on Equity (ROE)? Round your answer to two decimal places.
Spent on research for the project : How would I incorporate $ previously spent on research for the project (i.e not the capex to start the project but capex 1-2years previously but related to the
Relationship between the increases in the two ratios : Based on this information, what can you deduce from the relationship between the increases in the two ratios?
Do you think that by improving stock turnover : i. Do you think that by improving Stock Turnover, there will be an increase in gross profit as well?
Journalize all entries required as a result : Presented below are selected transactions for Werley Company for 2018.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Determine the account balance on february 1

During February, $186,500 was paid to creditors on account, and purchases on account were $201,400.-determine the account balance on February 1.

  Company''s income statement and statement of owner''s equity

1.Following is the unadjusted trial balance for Augustus Institute as of December 31, 2013, which initially records prepaid expenses and unearned revenues in balance sheet accounts.

  Uses the double declining balance method

On January 1, 2014, Rowley Company purchased a truck that cost $33,000. The truck had an expected useful life of 4 years and a $3,000 salvage value. The amount of depreciation expense recognized in 2014 assuming that Rowley uses the double declining ..

  Question 1 in a statement of cash flows increases or

question 1 in a statement of cash flows increases or decreases in noncurrent assets are most closely related witha.

  What was the biggest cash outflow during the year

Does the company employ the direct or indirect method of accounting for operating cash flows and what was the biggest cash outflow during the year?

  Stockholders section of a classified balance sheet

Prepare journal entries for the transactions listed above.2. Prepare a Stockholders' section of a classified balance sheet as of December 31, 2014

  How would you best describe sunset boards cash flows

How would you best describe Sunset Boards' cash flows for 2014? Write a brief discussion. In light of your discussion in the previous question, what do you think about Tad's expansion plans?

  How will your venture be socially responsible

You have invented a personal submarine that can operate at about 10-20 feet below the surface of the ocean or a lake. It has windows for viewing. Describe your strategy in one or two sentences that could be circulated to your employees and allies. 5...

  Determine ways in which knowing ones investment horizon

Determine two ways in which knowing one's investment horizon can help with one's investment strategy. Provide two examples to support your response.

  What will be the price at which the bond is issued

What is the funded status of this plan? What will be the price at which the bond is issued? What periodic interest payment does Kirner make?

  What is the break-even point if the time horizon

What is the Break- Even Point or How many cupcake must be sold to break even, given a time horizon of one year? What is the break-even point if the time horizon is changed to two years?

  Prioritize ethical and professional business conduct

Evaluate, measure, value and present financial statements in conformity with GAAP relating to assets.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd