Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 19, 2024

Needham Pharmaceuticals has a profit margin of 3% and an equity multiplier of 1.5. Its sales are 90 million and it has total assets of

Needham Pharmaceuticals has a profit margin of 3% and an equity multiplier of 1.5. Its sales are 90 million and it has total assets of $42 million. What is its return on Equity (ROE). Round your answer to two decimal places.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The New Managed Account Solutions Handbook

Authors: Stephen D. Gresham, Arlen S. Oransky

1st Edition

0470222786, 978-0470222782

More Books

Students also viewed these Finance questions

Question

★★★★★

If the following patient specimens produced positive cultures when inoculated and grown on appropriate media, indicate whether this result indicates a disease state and why or why not: Urine Lung...

Answered: 1 week ago

Question

★★★★★

Two components X and Y are used as follows: Calculate for each component (a) reorder level, (b) minimum level, (c) maximum level and (d) average stock level. Normal usage Maximum usage Minimum usage...

Answered: 1 week ago

Question

★★★★★

A supplier of instrument gauge clusters uses a kanban system to control material low. The gauge cluster housings are transported five at a time. A fabrication center produces approximately 10 gauges...

Answered: 1 week ago

Question

★★★★★

Needham Pharmaceuticals has a profit margin of 3% and an equity multiplier of 1.5. Its sales are 90 million and it has total assets of $42 million. What is its return on Equity (ROE). Round your...

Answered: 1 week ago

Question

★★★★★

iculator Instructions Cash Flows Instructions repare a statement of cash flows under the indirect method. Use a minus to indicate any decreases in cash or cash outflows. Gains and Losses on the Sale...

Answered: 1 week ago

Question

★★★★★

To solve p + 3q = 5z + tan( y - 3x)

Answered: 1 week ago

Question

★★★★★

Determine the points on the curve y = x 2 4x + 4 where the tangent is horizontal.

Answered: 1 week ago

Question

★★★★★

Find the equations of both the tangent and the normal to the curve y = x 3 6x 2 + 11x 6 at x = 2.

Answered: 1 week ago

Question

★★★★★

Question: In Java, what is the impact of marking a method with the synchronized keyword? A) It makes the method execute faster by prioritizing thread execution. B) It allows only one thread to...

Answered: 1 week ago

Question

★★★★★

examine a variety of flexible working arrangements and assess their usefulness and impact for employers and employees

Answered: 1 week ago

Question

★★★★★

understand the basis of the contract of employment and know what should be in a contract of employment

Answered: 1 week ago

Question

★★★★★

describe the main employment rights as stated in the law

Answered: 1 week ago

Previous Question Next Question