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10 points eBook References Presented here are the comparative balance sheets of Hames Incorporated at December 31, 2023 and 2022. Sales for the year ended

10 points eBook References Presented here are the comparative balance sheets of Hames Incorporated at December 31, 2023 and 2022. Sales for the year ended December 31, 2023, totaled $660,000. Assets Cash Accounts receivable Merchandise inventory Total current assets Land Plant and equipment Less: Accumulated depreciation Total assets Liabilities Short-term debt Accounts payable Other accrued liabilities. HAMES INCORPORATED Balance Sheets December 31, 2023 and 2022 Total current liabilities Long-term debt Total liabilities Stockholders' Equity Common stock, no par, 100,000 shares authorized 40,000 and 25,000 shares issued, respectively Retained earnings: Beginning balance Net income for the year Dividends for the year Ending balance Total stockholders' equity Total liabilities and stockholders' equity T 2023 $ 21,000 78,000 103,000 $ 202,000 50,000 125,000 (65,000) $ 312,000 $ 18,000 64,800 20,000 $ 102,800 22,000 $ 124,800 $ 74,000 $ 81,500 51,700 (20,000) $ 113,200 $ 187,200 $ 312,000 2022 $ 20,000 72,000 99,000 $191,000 40,000 110,000 (60,000) $ 281,000 $ 17,000 75,500 18,000 $ 110,500 30,000 $ 140,500 $ 59,000 $ 85,000 1,500 (5,000) $ 81,500 $ 140,500 $ 281,000
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Presented here are the comparative balance sheets of Hames incorporated at December 31, 2023 and 2022. Sales for the year ended. December 31,2023 , totaled $660.000. Required: a. Calculate ROI for 2023. Note: Do not round intermediate calculations. Round your final answer to 2 decimal places. b. Calculate ROE for 2023 . Note: Round your answer to 1 decimal place. c. Calculate working capital at December 31,2023. d. Calculate the current ratio at December 31,2023. Note: Round your answer to 2 decimal places. e. Calculate the acid-test ratio at December 31,2023. Note: Round your answer to 2 decimal places. f. Assume that on December 31,2023 , the treasurer of Hames decided to pay $15,000 of accounts payable. What impact, if any, this payment will have on the answers you calculated for parts a-d (increase, decrease, or no effect). 9. Assume that instead of paying $15,000 of accounts payable on December 31,2023 . Hames collected $15,000 of accounts receivable. What impact, if any, this receipt will have on the answers you calculated for ports a-d (increase, decrease, or no effect)

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