Homework Help is Here – Start Your Trial Now!
Business
Accounting
Needham Pharmaceuticals has a profit margin of 4% and an equity multiplier of 4. Its sales are $80 million and it has total assets of $40 million. What is its ROE? A. 50% B. 4% C. 32% D. 16% E. 12%

Needham Pharmaceuticals has a profit margin of 4% and an equity multiplier of 4. Its sales are $80 million and it has total assets of $40 million. What is its ROE? A. 50% B. 4% C. 32% D. 16% E. 12%

Intermediate Financial Management (MindTap Course List)
Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter7: Analysis Of Financial Statements
Section: Chapter Questions
Problem 5P: Needham Pharmaceuticals has a profit margin of 3% and an equity multiplier of 2.0. Its sales are...
See similar textbooks
icon
Related questions
Question

What is its ROE?

Needham Pharmaceuticals has a profit margin of 4% and an equity multiplier of 4. Its sales are $80 million and it has total assets of $40 million. What is its ROE? A. 50% B. 4% C. 32% D. 16% E. 12%
Transcribed Image Text:Needham Pharmaceuticals has a profit margin of 4% and an equity multiplier of 4. Its sales are $80 million and it has total assets of $40 million. What is its ROE? A. 50% B. 4% C. 32% D. 16% E. 12%
Expert Solution
steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer