Question 1 3 points Save Answer Last year Corp XYZ had $117 thousand of assets, $305,000 of sales, $20,000 of net income

[answerhappygod]

Question 1 3 Points Save Answer Last Year Corp Xyz Had 117 Thousand Of Assets 305 000 Of Sales 20 000 Of Net Income 1 (16 KiB) Viewed 35 times

Question 1 3 points Save Answer Last year Corp XYZ had $117 thousand of assets, $305,000 of sales, $20,000 of net income, and a debt ratio of 49.9%. The new CFO believes a new computer program will enable it to reduce costs and thus raise net income to $36,000. Assets, sales, and the debt ratio would not be affected. By how much would the cost reduction improve the ROE? When calculating ROE, do not round intermediate values. Enter your answer as a decimal with a leading zero and 4 decimal places of precision (i.e. .01234) Enter your answer as a positive value.