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6. Problem 3-05 (ROE) eBook ROE Needham Pharmaceuticals has a profit margin of 4% and an equity multiplier of 1.7. Its sales are $70 million

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6. Problem 3-05 (ROE) eBook ROE Needham Pharmaceuticals has a profit margin of 4% and an equity multiplier of 1.7. Its sales are $70 million and it has total assets of $40 million. What is its return on equity (ROE)? Do not round intermediate calculations. Round your answer to two decimal places. %

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