Its sales are 120 million and it has total assets of 52


Needham Pharmaceuticals has a profit margin of 3% and an equity multiplier of 1.7. Its sales are $120 million and it has total assets of $52 million. What is its Return on Equity (ROE)? Round your answer to two decimal places.

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Financial Management: Its sales are 120 million and it has total assets of 52
Reference No:- TGS02810507

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