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K Y Shoe 5 tores has $2,000,000 in sales and burns over its assets 2.5 times pec year. The firm eams 3.8 percert on each

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K Y Shoe 5 tores has $2,000,000 in sales and burns over its assets 2.5 times pec year. The firm eams 3.8 percert on each sales dollar in has $60,000 in carrent liabelies and $140,000 in long-term liabilibes MOE. b. If the asset base remains the same as computed in pait a, but total asset turnower goes up to 3 , what will be the new retuin on Glarehoiders equity' Aasume the profit margin stays the same as does current and long-term liabilities, (Do not round intermediate celculotione. Round the finel nnwwer to 2 decimel places.)

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