Lloyd Inc. has sales of $250,000, a net income of $12.500, and the following balance sheet: Cash $ 83,250 Accounts payable $ 75,000 Receivables 129,750 Notes payable to bank 30,750 Inventories 292.500 Total current abilities $105,750 Total current assets $505,500 long-term debt 117,750 Net fixed assets 244,500 Common equity 526,500 Total assets $750.000 Total Blities and equity 5750,000 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, 2.5%, without affecting sales or net income. If inventories are sold and not replaced (thus reducing the current ratio to 2.5x), 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 we the ROE change? Do not round Intermediate calculations, Round your answer to two dedmal places ROE will by percentage points What will be the firm's new quick ratio? Do not reund intermediate calculations. Round your answer to two decimal places