Consider a retail firm with a net profit margin of 3.13%?, a total asset turnover of 1.75?, total assets of $44.4 ?million, and a book value of equity of $17.9 million.
a. What is the? firm's current? ROE?
b. If the firm increased its net profit margin to 3.68%?, what would be its? ROE?
c.? If, in? addition, the firm increased its revenues by 18% ?(maintaining this higher profit margin and without changing its assets or? liabilities), what would be its? ROE?