During the year, bassett company paid a total of $58,000 for inventory. in one transaction, bassett sold inventory that had cost the company $1,400 for $4,300 on accounts receivable. how much did total assets increase (decrease) as a result of this one transaction?

Last year ann arbor corp had $155,000 of assets, $305,000 of sales, $20,000 of net income, and a debt-to-total-assets ratio of 37.5%. the new cfo believes a new computer program will enable it to reduce costs and thus raise net income to $33,000. assets, sales, and the debt ratio would not be affected. by how much would the cost reduction improve the roe? a. 11.51%b. 12.11%c. 12.75%d. 13.42%e. 14.09%