Intro Batty Bricks Inc. has the following balance sheet and income statement Amount 38,000 Other current liabilities 19,000 57,000 120,000 77,000 Total liabilities & equity 254,000 Amount 24,000 Accounts payable 33,000 93,000 Current liabilities Cash Receivables Inventory Current assets 150,000 Long-term deblt Net fixed assets 104,000 Equity Total assets 254,000 lie ivere $210,000 and ne income was $42,00 for the y Sales ivere s210.000 and net income was $42.000 for the year The CFO thinks that inventories are excessive and could be reduced until the current ratio equals the industry average of 2 2, without affecting sales or net income The funds generated by selling off inventory are used to buy back common stock at book value. B Attempt 1/1 for Part 5 What is the new ROE after the stock buyback? 2+ decimals Submit Attempt 1/1 for1 Part 6 What's the change in ROE? Submit