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eBook ROE Needham Pharmaceuticals has a profit margin of 2% and an equity multiplier of 2.0. Its sales are $110 million and it has total

eBook ROE Needham Pharmaceuticals has a profit margin of 2% and an equity multiplier of 2.0. Its sales are $110 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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