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ROE Needham Pharmaceuticals has a profit margin of 3% and an equity multiplier of 1.6. Its sales are $130 million and it has total assets
ROE Needham Pharmaceuticals has a profit margin of 3% and an equity multiplier of 1.6. Its sales are $130 million and it has total assets of $60 million. What is its return on equity (ROE)? Do not round intermediate calculations. Round your answer to two decimal places
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