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Consider a retail firm with a net profit margin of 3 . 5 0 % , a total asset turnover of 1 . 8 0

Consider a retail firm with a net profit margin of 3.50%, a total asset turnover of 1.80, total assets of $44.0 million, and a book value of equity of $18.0 million.
a. What is the firm's current ROE?
b. If the firm increased its net profit margin to 4.00%, what would be its ROE?
c. If, in addition, the firm increased its revenues by 20%(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 two decimal places.)
A-C
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