Lloyd Inc. has sales of $600,000, a net income of $42,000, and the following balance sheet: Cash $103,020 Accounts payable $103,020 Receivables Notes payable to bank 32,640 153,000 397,800 Inventories Total current liabilities $135,660 Total current assets $653,820 Long-term debt 156,060 Net fixed assets 366,180 Common equity 728,280 Total assets $1,020,000 Total liabilities and equity $1,020,000 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, 2x, without affecting sales or net income. If inventories are sold and not replaced (thus reducing the current ratio to 2x); 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