?!!!!! Last year "ABC" Company had $186844 of assets, $95193 of sales, 13280 of...
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Last year "ABC" Company had $186844 of assets, $95193 of sales, 13280 of net income, and an equity multiplier of 2.83046. The new CFO believes the firm has excessive fixed assets and inventory that could be sold, enabling it to reduce its total assets to $70682 Sales, costs and net income would not be affected and the firm would maintain the equity multiplier at the same level (2.83046) By how much would the reduction in assets will change the ROE value
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