How would each transaction affect the ROE ratio

(use + for increase - for decrease and NE for No effect)

Nicole has been financing Nicole's Getaway Spa (NGS) using equity financing. Currently NGS has authorized 100,000 nopar preferred shares and 200,000$2 par common shares. Outstanding shares include 43,000 preferred shares and 33.000 common shares. Recently the following transactions have taken place. a. NGS issues 650 preferred shares for $13 a share: b. NGS repurchases 650 common shares for $12 a share. c. On November 12 , the board of directors declares a $0.30 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.)