Lloyd Inc. has sales of $750,000, a net income of $75,000, and the following balance sheet: Cash $183,150 Accounts payable $166,650 Receivables 204,600 Notes payable to bank 85,800 709,500 Total current liabilities $252,450 Inventories Total current assets $1,097,250 Long-term debt 272,250 Net fixed assets 552,750 Common equity 1,125,300 $1,650,000 Total assets $1,650,000 Total liabilities and equity 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