Lloyd Inc. has sales of $200,000, a net income of $14,000, and the following balance sheet: Cash $52,200 Accounts payable $53,400 Receivables 82,200 Notes payable to bank 37,800 Inventories 354,000 Total current liabilities $91,200 Total current assets $488,400 Long-term debt 95,400 Net fixed assets 111,600 Common equity 413,400 Total assets $600,000 Total liabilities and equity $600,000 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, 2.25x, without affecting sales or net income. If inventories are sold and not replaced (thus reducing the current ratio to 2.25x); if the funds generated are 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? Do not round intermediate calculations. Round your answer to two decimal places. % What will be the firm's new quick ratio? Do not round intermediate calculations. Round your answer to two decimal places.