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Problem 3-5 ROE Needham Pharmaceuticals has a profit margin of 3.5% and an equity multiplier of 1.6. Its sales are $110 million and it has
Problem 3-5 ROE Needham Pharmaceuticals has a profit margin of 3.5% and an equity multiplier of 1.6. Its sales are $110 million and it has total assets of $60 million. What is its Return on Equity (ROE)? Round your answer to two decimal places. Problem 3-6 DuPont Analysis Gardial & Son has an ROA of 11%, a 3% profit margin, and a return on equity equal to 17%. 1. What is the company's total assets turnover? Round your answer to two decimal places. 2. What is the firm's equity multiplier? Round your answer to two decimal places
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