Please answer the following question showing all work.

3. Return on Equity ABC Company began the year 2015 with total stockholders' equity of $2,400,000. Its net income for 2015 was $640,000, and $106,800 of dividends were declared. What was ABC's return on equity for 2015? a. 0.130 b. 0.210 c. 0.267 d. 0.218 4. ROE Decomposition Given the following information for a business: Asset turnover 3.50 Leverage- Return on equity- 30% 1.00 Using the ROE decomposition analysis what is the net profit margin? a. b. c. d. 8.57% 10.00% 456% 5.5%