Jerry Rice and Grain Stores has $4,470,000 in annual sales. The company earns 6.5% for every dollar of sales and turns over its assets 2.5 times a year. It has $146,000 in current liabilities and $399,000 in long-term liabilities. a. What is your return on equity? (Do not round intermediate calculations. Enter your answer as a percentage rounded to 2 decimal places.) b. If the asset base remains the same as calculated in part a, but total asset turnover rises to 3.00, what will be the new return on equity? Assume that the profit margin remains the same as the current and long-term liabilities. (Do not round intermediate calculations. Enter your answer as a percentage rounded to 2 decimal places.)