Last year Bell Corp. had $200,000 of assets, $300,000 of sales, $20,000 of net income, and a debt ratio of 40 percent. The new CFO believes the firm has excessive fixed assets and inventory that could be sold, reducing its total assets to $150,000. Sales, costs, and net income would not be affected, and the firm would maintain the 40 percent debt ratio. By how much would the reduction in assets improve ROE? A. 5.26 percent B. 5.86 percent C. 4.96 percent D. 4.66 percent E. 5.56 percent