Question: need help with B and C please Consider a retail firm with a net profit margin of 3.37%, a total asset turnover of 1.88, total

need help with B and C please

Consider a retail firm with a net profit margin of 3.37%, a total asset turnover of 1.88, total assets of $43.4 million, and a book value of equity of $17.3 million a. What is the firm's current ROE? b. If the firm increased its net profit margin to 4.26%, 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? a. What is the firm's current ROE? The firm's current ROE is 15.89 %. (Round to one decimal place.) b. If the firm increased its net profit margin to 4.26%, what would be its ROE? The new ROE would be %. (Round to one decimal place.)

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