Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate ca LHC FURNITY OF TOUUNIOWE I WIC yucu UisplayCu CIUWJ Nicole has been financing Nicole's Getaway Spa (NGS) using equity financing. Currently NGS has authorized 100,000 no- par preferred shares and 200,000 $2 par common shares. Outstanding shares include 44,000 preferred shares and 34,000 common shares. Recently the following transactions have taken place. a. NGS issues 700 preferred shares for $11 a share. b. NGS repurchases 700 common shares for $10 a share. c On November 12, the board of directors declares a $0.20 cash dividend on each outstanding preferred share. d. The dividend is paid December 20. 4. How would each transaction affect the ROE ratio? (Use + for increase. - for decrease, and NE for no effect.) Answer is complete but not entirely correct. Transaction ROE