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Consider the following financial data from the past year for Midwest Outdoor Equipenent Corporation The Midwest Outdoor Equipment Corporation has entered into a new contract

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Consider the following financial data from the past year for Midwest Outdoor Equipenent Corporation The Midwest Outdoor Equipment Corporation has entered into a new contract with a major supplier of raw materials used in the manufacturing process. Under the new arrangement, called vendor managed inventory the supplier itanages its row material inventory inside the manufacturer's plant and bilis only the manufacturer when the manufacture consumes the raw material This is expected to reduce total assets by $2 million. What is the expected change in retum on assets? Note: Round your onswer to 2 decimal places. Consider the following financial data from the past year for Midwest Outcloor Equipment Corporation The Midwest Outdoor Equipment Corporation has entered into a new contract with a major supplier of raw materials use manufacturing process. Under the new arrangement, called vendor managed inventory the supplier manages its raw mo inventory inside the manufacturer's plant and bilts only the mamufacturer when the manufacturer consumes the raw mate expected to reduce total assets by $2 milion. What is the expected change in refurn on assers? Note: Round your answer to 2 decimal places. Consider the following financhal data from she past year for Mickest Outdoor Equipment Corporation The Miowest Outdoor Equpment Corporation has entered into a new controct with a major supplier of raw materals used in the manufacturing process. Undee the new arrangement, called vendor managed imventons the supplier manages its raw material inventory inside the manutacturer's plant and bills only the manufacturer when the manufacturer consumes the raw material. This is expected to reduce total assets by $2 misson. What is the expected change in feturn on assets? Note: Round your answer to 2 decimal places

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