Oeerzis Bilectrie teponted the following incoene sasement and balence thect for the perviour year: Balance Sheet If The company maintained the same sales. but reduced imentories enough to achieve the industry average irveriory turnover rato. Cash genecaied from the inventory teduction was used to reduce the company's outstanding debt. So, the company's total debt would rave been $4 mition less the freedup cash from the improvement in inventocy policy Assume equily does not change and all eamings are paid out as dividends. Unied this scentrio, what would have been the company, 80E het year? 27.045 20.34 303% 31.5% 33.0%