Question
ROE Needham Pharmaceuticals has a profit margin of 3% and an equity multiplier of 2.0. Its sales are $100 million, and it has total assets
ROE
Needham Pharmaceuticals has a profit margin of 3% and an equity multiplier of 2.0. Its sales are $100 million, and it has total assets of $50 million.
Suppose the values for this problem change to:
Profit Margin: 3.6%
Equity Multiplier: 1.8
Sales: $99 million
Total Assets: $42 million
What is the ROE? Round your solution to one decimal and enter the value without the percentage sign, i.e. you would enter 12.3456% as 12.3.
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Core Concepts Of Accounting Information Systems
Authors: Nancy A. Bagranoff, Mark G. Simkin, Carolyn Strand Norman
11th Edition
9780470507025, 0470507020
