Consider a retail firm with a net profit margin of 3.03%?, a total asset turnover of 1.89?, total assets of $45.7 million, and a book value of equity of $18.4 million.
a. What is the? firm's current? ROE?
b. If the firm increased its net profit margin to 3.94 % what would be its? ROE?
c.? If, in? addition, the firm increased its revenues by 21% ?(maintaining this higher profit margin and without changing its assets or? liabilities), what would be its? ROE?