Investments in Associates - Change on Leverage? investment, existing, question, change, assets

Mechanic

Pertinent Info:
Total Assets: 56,396
Investment in Associate: 5,504
Stockholder’s Equity: 30,371
We’re adjusting ratios for the effects of removing an investment in an associate accounted for using the equity method.
My question, if existing Leverage (Assets/Equity) was 1.86, wouldn’t we need to remove the associate asset from assets and equity, thereby increasing leverage to 2.04?
Schweser says Leverage doesn’t change.