Business, 27.06.2019 21:00, babydolltia28

Last year rennie industries had sales of $395,000, assets of $175,000 (which equals total invested capital), a profit margin of 5.3%, and an equity multiplier of 1.2. the cfo believes that the company could reduce its assets by $51,000 without affecting either sales or costs. the firm finances using only debt and common equity. had it reduced its assets by this amount, and had the debt/total invested capital ratio, sales, and costs remained constant, how much would the roe have changed? do not round your intermediate calculations.

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Last year rennie industries had sales of $395,000, assets of $175,000 (which equals total invested c...