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Assume that a firm has sales of $11,700,000, total assets of $4,500,000, total common equity of $1,500,000, and an ROE of 37.4985 percent. Given this
Assume that a firm has sales of $11,700,000, total assets of $4,500,000, total common equity of $1,500,000, and an ROE of 37.4985 percent. Given this information, and using the DuPont equation, determine the profit margin for this firm. \begin{tabular}{|c|} \hline 5.63% \\ \hline 4.81% \\ \hline 5.24% \\ \hline 6.41% \\ \hline 6.02% \\ \hline \end{tabular}
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