Consider a retailing firm with a net profit margin of 3.6%?, a total asset turnover of 1.88?, total assets of $43.4 million, and a book value of equity of $18.8 million.
a. What is the? firm's current? ROE?
b. If the firm increased its net profit margin to 4.1%?, what would be its? ROE?
c. ?If, in? addition, the firm increased its revenues by 21% ?(while maintaining this higher profit margin and without changing its assets or? liabilities), what would be its? ROE?