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What is the ROE of a firm that has the following financial performance metrics? Net income =$75; Sales =$1600; Total Asset Turnover =4. Debt =$50.

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What is the ROE of a firm that has the following financial performance metrics? Net income =$75; Sales =$1600; Total Asset Turnover =4. Debt =$50. Assume Debt + Equity = Total Assets (Hint: Using the Dupont Equation) (Just giving a final number in the answer will not get full credit even if it is correct. Please show how you get the answer.)

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