How much would the Return on Equity in 2019 change based on the following?

a. The sale of vacant land results in a $2.0 million decrease in total assets. Net income wouldn't be impacted, and the Board wants to keep the debt ratio for 2019 as is.

b. When debt is used in place of equity, the debt ratio rises to 48 percent. Assets overall wouldn't be impacted. Although interest expense would rise, improved cost controls would balance out the higher interest expense, keeping net income constant.

c. When LEAN management is used, overall costs are reduced by $0.5 million. Total earnings, assets, liabilities, and net assets would all remain unchanged.

d. The Board is pressuring management to raise the return on equity to at least 10%, regardless of the method chosen. What overall margin would be required, keeping everything else constant, to achieve the 10% ROE?

2. What are your top three or four suggestions to the Board based on the scant facts supplied?