Firm O has accounts receivable of $59,000, cash of $28,600. property, plant, and equipment of $460,000, merchandise Inventory of $48,800, accounts payable of $23,500, other accrued liabilities of $8,900, common stock of $390,000, and retained earnings of $174,000. Required: Calculate Firm N's working capital and current ratio. Working Capital Working Capital Current Ratio - Current Ratio Evans Inc. had current liabilities at April 30 of $77,300. The firm's current ratio at that date was 1.7. Required: a. Calculate the firm's current assets and working capital at April 30. b. Assume that management paid $12,800 of accounts payable on April 29. Calculate the current ratio and working capital at April 30 as if the April 29 payment had not been made. (Round "Current ratio" answer to 2 decimal places.) c. Identify the changes, if any, to working capital and the current ratio that would be caused by the April 29 payment. a. Current assets Working capital b. Current ratio Working capital c. Working capital Current ratio Presented here are the comparative balance sheets of Hames Inc. at December 31, 2020 and 2019. Sales for the year ended December 31, 2020, totaled $600,000 Check my work 2020 2019 $ 20,000 78,000 103,000 $ 201,000 50,000 125,000 (65.000) $311,000 $ 20,000 72,000 99,000 $191,000 40,000 110,000 60.000 $281,000 HAMES INC. Balance Sheets December 31, 2020 and 2019 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 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 $ 18,000 64,400 20,000 $ 102,400 22.000 $124.400 $ 17,000 75.500 10,000 $ 110,500 30.000 $140.500 $ 74,000 $ 59,000 $ 31,500 51,100 20.0001 $ 112,600 $116,600 $311,000 $ 85,000 1,500 (3.000) S81300 $ 140,500 $ 281,000 Required: a. Calculate ROI for 2020. (Do not round intermediate calculations. Round your final answer to 2 decimal places.) b. Calculate ROE for 2020. (Round your answer to 1 decimal place.) Calculate wrinn ranital at eromhor 21 202 6 of 12 Next > Firm J has net income of $77,200, sales of $965,000, and average total assets of $603,125. Check Required: Calculate Firm J's margin, turnover, and return on investment (ROI). Margin 1 Choose Denominator: Choose Numerator: Margin Margin Turnover 1 Choose Denominator: Choose Numerator: Turnover Turnover Choose Numerator: Return on Investment 1 Choose Denominator: = Return on investment 1 Return on Investment Next > 8 of 12 MacBook Pro Check my w Mindspin Labs Inc. is a manufacturing firm that has experienced strong competition in its traditional business. Management is considering joining the trend to the "service economy by eliminating its manufacturing operations and concentrating on providing specialized maintenance services to other manufacturers. Management of Mindspin Labs has had a target ROI of 18% on an asset base that has averaged $9 million. To achieve this ROI, average total asset turnover of 2 was required. If the company shifts its operations from manufacturing to providing maintenance services, it is estimated that average total assets will decrease to 54 million Required: a. Calculate net income, margin, and sales required for Mindspin Labs to achieve its target ROI as a manufacturing firm. b. Assume that the average margin of maintenance service firms is 3.50%, and that the average ROI for such firms is also 16%. Calculate the net income, sales, and total asset turnover that Mindspin Labs will have if the change to services is made and the firm is able to earn an average margin and achieve an 16% ROI. Complete this question by entering your answers in the tabs below. Required A Required B Calculate net income, margin, and sales required for Mindspin Labs to achieve its target ROI as a manufacturing firm. (Enter your "Sales" and "Net income" answers in millions (1.e., 10,000,000 should be entered as 10). Do not round intermediate calculations. Round your answers to 2 decimal places.) Net income Margin Sales million % million Required A Required B > Next > 10 of 12 11 of 12 Next >