(3-5) ROE • Needham Pharmaceuticals has a profit margin of 3% and an equity multiplier of 2.0. Its sales are $100 million and it has total assets of $50 million. What is its ROE?

Essentials Of Investments
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Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
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(3-5) ROE • Needham Pharmaceuticals has a profit margin of 3% and an equity multiplier of 2.0. Its sales
are $100 million and it has total assets of $50 million. What is its ROE?
Transcribed Image Text:(3-5) ROE • Needham Pharmaceuticals has a profit margin of 3% and an equity multiplier of 2.0. Its sales are $100 million and it has total assets of $50 million. What is its ROE?
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