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Consider a retail firm with a net profit margin of 3 . 8 9 % 3 . 8 9 % , a total asset turnover

Consider a retail firm with a net profit margin of 3.89%3.89%, a total asset turnover of 1.711.71, total assets of $44.644.6million, and a book value of equity of $18.318.3 million.
a. What is the firm's current ROE?
b. If the firm increased its net profit margin to 4.58%4.58%, what would be its ROE?
c. If, in addition, the firm increased its revenues by 19%19%(maintaining this higher profit margin and without changing its assets or liabilities), what would be its ROE?

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