HAMES INCORPORATED Balance Sheets December 31, 2023 and 2022 Assets Cash Accounts receivable Merchandise inventory Total current assets Land Plant and equipment Less: Accumulated depreciation Total assets Short-term debt Liabilities Accounts payable Other accrued liabilities Total current liabilities Long-term debt Total liabilities Stockholders' Equity shares issued, respectively Retained earnings: Net income for the year Dividends for the year Ending balance Common stock, no par, 100,000 shares authorized 40,000 and 25,000 Beginning balance Total stockholders' equity Total liabilities and stockholders' equity 2023 $ 20,000 78,000 103,000 $201,000 50,000 125,000 (65,000) $ 311,000 $ 18,000 64,400 20,000 $ 102,400 22,000 $ 124,400 $ 74,000 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 $ 81,500 51,100 (20,000) $ 59,000 $ 85,000 1,500 (5,000) $ 81,500 $ 112,600 $ 186,600 $ 140,500 $ 311,000 $ 281,000 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. Dividends for the year Ending balance Total stockholders' equity Total liabilities and stockholders' equity Required: a. Calculate ROI for 2023, (20,000) $ 112,600 (5,000) $ 186,600 $ 81,500 $ 140,500 $ 311,000 $ 281,000 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). g. 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 parts and (increase, decrease, or no effect). a. ROI b. ROE c. Working capital d. Current ratio e. Acid test ratio 1. ROI 1. ROE % % f. Working capital f. Current ratio g. ROI g. ROE g. Working capital g. Current ratio