X Meme 4-15 RETURN ON EQUITY AND QUICK RATIO Lloyd Inc. has sales of $2.000, a net income of $15,000, and the following balance sheet: Cash $10,000 $ Receivables 20.000 Inventore 550.000 5210.000 Long term Netfied assets Comment Total 5000 Today 5300.000 The mw owner thinks that inventories are excess and can be lowered to the point where the current ratio is equal to the industry average 25%, without affecting sales are income. If inventories are sold and not replaced (thus reducing the current ratio to 25xi the funds generated are used to reduce common equity stock can be purchased at book valel and if no other changes occur, by how much will the change? What will be the firm's mw quick ratio 2000