4.)Last year Kruse Corp had $390,000 of assets (which is equal to its total invested capital), $403,000 of sales, $27,750 of net income, and a debt-to-total-capital ratio of 39%. The new CFO believes the firm has excessive fixed assets and inventory that could be sold, enabling it to reduce its total assets and total invested capital to $254,000. The firm finances using only debt and common equity. Sales, costs, and net income would not be affected, and the firm would maintain the same capital structure (but with less total debt). By how much would the reduction in assets improve the ROE? Do not round your intermediate calculations. 5.)Last year, Martyn Company had $320,000 in taxable income from its operations, $60,000 in interest income, and $80,000 in dividend income. Its corporate tax rate is 25%. What was the company's tax liability for the year? Assume a 50% dividend exclusion for tax on dividends. 6.)The balance sheet and income statement shown below are for Koski Inc. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over. What is the firm's P/E ratio? Do not round your intermediate calculations.