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Calculate profitability and liquidity measures Presented here are the comparative balance sheets of Hames Inc. at December 31,2023 and 20 Common stock, no par, 200,000
Calculate profitability and liquidity measures Presented here are the comparative balance sheets of Hames Inc. at December 31,2023 and 20 Common stock, no par, 200,000 shares authorized, 80,000 and 50,000 shares issued, respectively .......... $$224,000$162,000 Retained earnings: Required: a. Calculate ROI for 2023 . Round your percentage answer to two decimal places. b. Calculate ROE for 2023 . Round your percentage answer to one decimal place. c. Calculate working capital at December 31, 2023. d. Calculate the current ratio at December 31, 2023. Round your answer to two decimal places. e. Calculate the acid-test ratio at December 31, 2023. Round your answer to two decimal places. f. Assume that on December 31, 2023, the treasurer of Hames decided to pay $50,000 of accounts payable. Explain what impact, if any, this payment will have on the answers you calculated for parts a-d (increase, decrease, or no effect). g. Assume that instead of paying $50,000 of accounts payable on December 31, 2023, Hames collected $50,000 of accounts receivable. Explain what impact, if any, this receipt will have on the answers you calculated for parts a-d (increase, decrease, or no effect)
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