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FIN-650 Module 2 DQ 2 - Problem 3-5 - Needham Pharmaceuticals

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FIN-650 Module 2 DQ 2 - Problem 3-5 - Needham Pharmaceuticals

Managerial Finance – Understanding Financial Statements

Grand Canyon University

 

  This discussion thread will be used to discuss the practice problems completed in this module. After completing the problems, submit your answers to the instructor. Your instructor will specify which problems will be reviewed for discussion. Post your answers to the posted problem to this discussion thread and discuss any challenges you had with completing the problems, tips that helped you arrive at the correct answers, and/or questions you may still have.

 

 

Problem 3-5

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. What is its ROE?

FIN-650 Module 2 DQ 2 - Problem 3-5 - Needham Pharmaceuticals Managerial Finance – Understanding Financial Statements Grand Canyon University This discussion thread will be used to discuss the practice problems completed in this module.
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