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need assistance Needham Pharmaceuticals has a profit margin of 3% and an equity multiplier of 2.2. Its sales are $130 million and it has total

need assistance

Needham Pharmaceuticals has a profit margin of 3% and an equity multiplier of 2.2. Its sales are $130 million and it has total assets of $50 million. What is its return on equity (ROE)? Do not round intermediate calculations. Round your answer to two decimal places.

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