K Y Shoe Stores has $$2,000,000$ in sales and turns over its assets $2\mathrm{.}5$ times per year. The firm earns $3\mathrm{.}8$ percent on each sales dollar. It has $$60,000$ in current liabilities and $$140,000$ in long$$term liabilities.

What is its return on shareholders$$ equity? $($Do not round intermediate calculations. Round the final answer to $2$ decimal places.$)$

ROE

$\%$

If the asset base remains the same as computed in part a$,$ but total asset turnover goes up to $3,$ what will be the new return on shareholders$$ equity? Assume the profit margin stays the same as does current and long$$term liabilities. $($Do not round intermediate calculations. Round the final answer to $2$ decimal places.$)$

ROE

$\%$