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Consider a retail firm with a net profit margin of 3 . 4 3 % 3 . 4 3 % , a total asset turnover

Consider a retail firm with a net profit margin of 3.43%3.43%, a total asset turnover of 1.741.74, total assets of $44.544.5million, and a book value of equity of $18.418.4 million.
a. What is the firm's current ROE?
b. If the firm increased its net profit margin to 4.08%4.08%, what would be its ROE?
c. If, in addition, the firm increased its revenues by 15%15%(maintaining this higher profit margin and without changing its assets or liabilities), what would be its ROE?

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