Last year Blease Inc had a total assets turnover of 1-33 and an equity multiplier of 1.75. Its sales were $360,000 and its net income was $12,600. The firm finances using only debt and common equity, and its total assets equal total invested capital. The CFO believes that the company could have operated more efficiently, lowered its costs, and increased its net income by $11,000 without changing its sales, assets, or capital structure. Had it cut costs and increased its net income by this amount, how much would the ROE have changed? Do not round your intermediate calculations. 2.535 p.p. b: 7.11 p.p. 4.06 p.p O d. 3.06 p.p. e. 8.15 p.p Which of the following statements is CORRECT? a. Hedge funds are legal in Europe and Asia, but they are not permitted to operate in the United States O b. Hedge funds have more in common with commercial banks than with any other type of financial institution O c Hedge funds have more in common with Investment banks than with any other type of financial station Od Hedge funds are not as highly regulated as most other types of floandat institutions. The justfication for this shteputation is that only sophisticated investors (le, those with high net worths and high incomes are permitted to invest others und and these vestors supposedly can do any secessary duerence on their own rather than have it done by the Secor some other regulator O e Hedge funds are legal in the United States, but they are not permitted to operate in Europe of Asia