Question
ROE Needham Pharmaceuticals has a profit margin of 2% and an equity multiplier of 2.4. Its sales are $90 million and it has total assets
ROE
Needham Pharmaceuticals has a profit margin of 2% and an equity multiplier of 2.4. Its sales are $90 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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Bond Markets Analysis And Strategies
Authors: Frank J. Fabozzi
6th Edition
0131986430, 9780131986435
