What is it's return on equity on these general accounting question? Sunrise Biotech has a profit margin of 4% and an equitymultiplier of 2.5. Its sales are $100 million, and it has totalassets of $70 million. What is its Return on Equity (ROE)?

To calculate the Return on Equity (ROE) for Sunrise Biotech, we use the formula: ROE = Profit Margin…

Answered: Sunrise Biotech has a profit margin of…

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 6P

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Sunrise Biotech has a profit margin of 4% and an equity multiplier of 2.5. Its sales are $100 million, and it has total assets of $70 million. What is its Return on Equity (ROE)?