(Solved): 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. The Midwest Outdoor Equipment Corporation has entered into a new contract with a major suplier of manufacturing process. Under the new arrangement, called vendor managed inventory, the supplier manages its material inventory inside the manufacturer's plant and bills only the manufacturer when the manufacture consumes the material expected to reduce total assets by \( \$ 2 \) million. What is the expected change in return on assets? Note: Round your answer to 2 decimal places.