Jordan Inc has the following balance sheet and income statement data: $42,000 28,000 $70,000 140,000 280,000 490,000 14,000 Accounts payable Cash Receivables Total CA Net fixed assets Total assets Sales Net income 70,000 Other current liabilities 280,000 CL 126,000 Common eguity 490,000 Tota b. and equity $364,000 Long-term debt $280,000 21,000 The new CFO thinks that inventories are excessive and could be lowered sufficiently to cause the current ratio to equal the industry average, 2.25, without affecting either sales or net income. Assuming that inventories are sold off and not replaced to get the current ratio to the target level, and that the funds generated are used to buy back common stock at book value, by how much would the ROE change? Do not round your intermediate calculations. O a. 16.65% b. 22.13% c. 21.07% d. 22.55% e. 20.07% O