
Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN: 9781337395083
Author: Eugene F. Brigham, Phillip R. Daves
Publisher: Cengage Learning
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Transcribed Image Text:Hamilton Biotech has a profit
margin of 8% and an equity
multiplier of 2.8. Its sales are $150
million, and it has total assets of
$60 million.
What is Hamilton Biotech's Return
on Equity (ROE)? Round your
answer to two decimal places.
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