Question: Last year Altman Corp. had $ 1 5 6 , 0 0 0 of assets, $ 3 1 7 , 0 0 0 of sales,
Last year Altman Corp. had $ of assets, $ of sales, $ of net income, and a liabilitiestototalassets ratio of The new CFO believes the firm has excessive fixed assets and inventory that could be sold, enabling it to reduce its total assets to $Sales costs, and net income would not be affected, and the firm would maintain the liabilitiestototal assets ratio. By how much would the reduction in assets improve the ROE? Enter the improvement in ROE difference in ROE after the improvement as a percentage with two decimal places. For example, if the ROE increases from to enter
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