Lloyd Inc. has sales of $750,000, a net income of $60,000, and the following balance sheet: Cash $162,225 Accounts payable $159,075 Receivables 236,250 Notes payable to bank 80,325 Inventories 945,000 Total current liabilities $239,400 Total current assets $1,343,475 Long-term debt 204,750 Net fixed assets 231,525 Common equity 1,130,850 Total assets $1,575,000 Total liabilities and equity $1,575,000 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, 2.5x, without affecting sales or net income. If inventories are sold and not replaced (thus reducing the current ratio to 2.5x); 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