The Sooner Equipment Company has total assets of $110 million. Of this total, $40 million was financed with common equity and $70 milion with debt (both long and short-term). Its average accounts recelvable balance is $20m illion, and this represents an 85 -day average collection period. Sooner believes it can. reduce its average collectoon perlod from 85 to 60 days without affecting sales or the dollar amount of net income after taxes (currentiy $5.88 million). What wiil be the effect of this action on Sooner's retim on inveitment and its return an stockhoiders' ecuity if the funds received by reducing the average collection period are used to buy bock its commge stock at book value? What impoct will this action have on Sooner's debt ratio? Round your answers to tes decimal places oha debt ratio: New debt ratio: Old return on assets: Nee return on assets: bid return on common equity: New return on comimon equsy