Question
ROE Needham Pharmaceuticals has a profit margin of 2.5% and an equity multiplier of 1.8. Its sales are $100 million and it has total assets
ROE
Needham Pharmaceuticals has a profit margin of 2.5% and an equity multiplier of 1.8. Its sales are $100 million and it has total assets of $54 million. What is its Return on Equity (ROE)? Round your answer to two decimal places.
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Modern Portfolio Theory and Investment Analysis
Authors: Edwin Elton, Martin Gruber, Stephen Brown, William Goetzmann
9th edition
9781118805800, 1118469941, 1118805801, 978-1118469941
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