Last year Southern Chemicals had sales of $400, assets of $146, a profit margin of 5%, and an equity multiplier of 1.6 . The CFO believes that the company could reduce its assets by $20 without affecting either sales or costs. Had it reduced its assets in this amount, and had the liability-to-asset ratio, sales, and costs remained constant, by how much would the ROE have changed? 3.81% 2.01% 3.48% 3.01% 4.02%