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Consider a retail firm with a net profit margin of 3.55%, a total asset turnover of 1.74, total assets of $44.9 million, and a

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Consider a retail firm with a net profit margin of 3.55%, a total asset turnover of 1.74, total assets of $44.9 million, and a book value of equity of $17.3 million. a. What is the firm's current ROE? b. If the firm increased its net profit margin to 4.42%, what would be its ROE? c. If, in addition, the firm increased its revenues by 24% (maintaining this higher profit margin and without changing its assets or liabilities), what would be its ROE? a. What is the firm's current ROE? The firm's current ROE is %. (Round to one decimal place.)

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