Lloyd, Inc. has sales of $200,000, a net income of $15,000, and the following balance sheet: Cash Receivables 30,000 20,000 Inventories Net Fixed Assets Total Assets 10,000 Accounts Payable 50,000 Other Current Liabilities 150,000 Long-term Debt 90,000 Common Equity $300,000 Total Liabilities & Equity 50,000 200,000 $300,000 The new owner thinks that inventories are excessive and can be lowered to the point where the current ratio is equal to the industry average of 3.5X, without affecting sales or net income. If inventories are sold off and not replaced (thus reducing the current ratio to 3.5x), the funds generated will be used to reduce common equity (stock can be repurchased at book value), and if no other changes occur, by how much will the ROE change? What will be the firm's new quick ratio