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QUESTION
Needham Pharmaceuticals has a profit margin of 5% and an equity multiplier of 1.5. Its sales are $100 million and it has total assets of $54 million....
Needham Pharmaceuticals has a profit margin of 5% and an equity multiplier of 1.5. Its sales are $100 million and it has total assets of $54 million. What is its ROE? Round your answer to two decimal places.
