y) - 17 - A A Aa- A IN AaBbCcDC AaBbCCDc AaBbC( AaBbCct AaB AaBbCCD AaBbCCD Find " ab x x A . D . A . 1 Normal No Spac... Heading 1 Heading 2 Title Subtitle Subtle Em... Replace Select Dictate Font Paragraph Styles L Editing Voice Consider a retail firm with a net profit margin of 3.08 %, a total asset turnover of 1.78, total assets of $ 42.4 million, and a book value of equity of $ 17.6 million. a. What is the firm's current ROE? b. If the firm increased its net profit margin to 3.93 %, what would be its ROE? c. If, in addition, the firm increased its revenues by 16% (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 13.2%. b. If the firm increased its net profit margin to 3.93 %, what would be its ROE? The new ROE would be 17.0%. c. If, in addition, the firm increased its revenues by 16% (maintaining this higher profit margin and without changing its assets or liabilities ), what would be its ROE? The new ROE would be ( Round to one decimal place.) + 100% 3:56 PM ~ )) 9/8/2019 search O