Question: 15. Problem 4.15 (Return on Equity and Quick Ratio) Lloyd Inc. has sales of $350,000, a net income of $17,500, and the following balance sheet:

15. Problem 4.15 (Return on Equity and Quick Ratio) Lloyd Inc.

15. Problem 4.15 (Return on Equity and Quick Ratio) Lloyd Inc. has sales of $350,000, a net income of $17,500, and the following balance sheet: if no other changes occur, by how much will the ROE change? Do not round intermediate calculations. Round your answer to two decimal places. ROE will by percentage points. What will be the firm's new quick ratio? Do not round intermediate calculations. Round your answer to two decimal places

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