Last year Central Chemicals had sales of $230,000, assets of $127,500, a profit margin of 5.3%, and an equity multiplier of 1.2. The CFO believes that the company could reduce its assets by $21,000 without affecting either sales or costs. Had it reduced its assets in this amount, and had the debt-to-assets ratio, sales, and costs remained constant, by how much would the ROE have changed? Select the correct answer. a. 2.62% b. 1.57% c. 2.27% d. 1.92% e. 1.22%