ABC Company sells all its merchandise on credit. Given the following information, what is the company's ROE? Use 365 days for a year.

Profit margin 4.2% Averaged collection period 58 days Accounts receivables 250,000 Total assets $3,000,000 Total debt to total assets ratio 0.68

Round your final answer to two decimal places of percentage. (Hint: Use the DuPont system.)

6.88%

6.85%

6.94%

6.82%

6.91%