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.