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Back to Assignment Attempts Keep the Highest/1 6. Problem 3-05 (ROE) LO eBook ROE Needham Pharmaceuticals has a profit margin of 4% and an equity

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Back to Assignment Attempts Keep the Highest/1 6. Problem 3-05 (ROE) LO eBook ROE Needham Pharmaceuticals has a profit margin of 4% and an equity multiplier of 1.7. Its sales aro 150 million and it has total assets of $60 milion. What is its return on equity (ROE)? Do not round intermediate calculations. Round your answer to two decimal places. % Grade it Now Save & Continue Continue inue without saving

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