please show all work and calculations

4. Baker in has the following balance sheet and income statement data: Cash Receivables Inventories Total CA Net foed assets Total assets $14,000 70,000 280,000 $364,000 126,000 $490,000 $280,000 21,000 Accounts payable Other current liabilities Totala Long-term debt Common equity Total lab, and equity $42,000 28.000 $70,000 140,000 280,000 $490.000 1 Net Income The new CFO thinks that inventories are excessive and could be lowered sufficiently to cause the current ratio to equal the industry average, 2.15, without affecting either sales of income. Assuming that inventories are sold off and not replaced to get the current ratio to the target level, and that the funds generated are used to buy back common stock at book value by how much would the ROC change? Do not round your intermediate calculations