Consider the following financial data from the past year for Midwest Outdoor Equipment Corporation

Consider the following financial data from the past year for Midwest Outdoor Equipment Corporation.Annual sales $24,324,000Net income 2,975,000Cost of goods sold 12,600,000Total assets 10,550,000Inventory 2,875,000Receivables 3,445,000The Midwest Outdoor Equipment Corporation has entered into a new contract with a major supplier of raw materials used in the manufacturing process. Under the new arrangement, called vendor managed inventory, the supplier manages its raw material inventory inside the manufacturer’s plant and bills only the manufacturer when the manufacturer consumes the raw material. This is expected to reduce total assets by $2 million. What is the expected change in return on assets

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