Consider a retail firm with a net profit margin of $3\mathrm{.}51\%,$ a total asset turnover of $1\mathrm{.}74,$ total assets of $ $45\mathrm{.}3$million$,$ and a book value of equity of $ $18\mathrm{.}7$ million.

a$.$ What is the$$ firm's current$$ ROE?

b$.$ If the firm increased its net profit margin to $4\mathrm{.}17\%,$ what would be its$$ ROE?

c$.$ If$,$ in$$ addition, the firm increased its revenues by $21\%($maintaining this higher profit margin and without changing its assets or$$ liabilities$),$ what would be its$$ ROE?

Question content area bottom

Part $1$

a$.$ What is the$$ firm's current$$ ROE?

The$$ firm's current ROE is

$$

enter your response here$\%.$