In 2019, the company CC Tbk. reported sales of $ 205,000 with assets of $ 127,500. In addition, the profit margin was 5.3% and the equity multiplier was 1.2. The board of directors of the company had confidence that the company's assets could be reduced by a total of $ 21,000 without affecting sales and costs.

Question

With this policy of reducing assets, while the debt ratio, sales and costs remain constant, how many changes in ROE (Return on Equity) will occur? Make calculations with explanations!