Question
Needham Pharmaceuticals has a profit margin of 6% and an equity multiplier of 2.5. Its sales are $120 million and it has total assets of
Needham Pharmaceuticals has a profit margin of 6% and an equity multiplier of 2.5. Its sales are $120 million and it has total assets of $44 million. What is its Return on Equity (ROE)? Round your answer to two decimal places.
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Essentials Of Real Estate Finance
Authors: David Sirota
11th Edition
1419520911, 9781419520914
