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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 $500,000. 2020 2019 $ 22,000 78,000 103.88 $ 203,000 se, 200 125,000 (65.600) $ 313,000 $ 20,000 72,000 99,000 $191,000 40,800 110,000 (60,000) $ 281,000 HAMES INC Balance Sheets Decenber 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 Comon stock, no par. 100,000 shares authorized 40.000 and 25,200 shares issued, respectively Retained earnings: Degining balance Net income for the year Dividends for the year Ending balance Total stockholders equity Total Labattles and stockholders uity $ 18,000 65,200 20,000 5 107,200 22,00 $ 17.000 75,500 18,000 $ 110,500 $140.500 S 4.0 $ 59,00 $31.500 52,100 20,000 3 113,00 55,000 1,500 16.000 $1,500 310.00 $ 280,000 311,000 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.) c. Calculate working capital at December 31, 2020 d. Calculate the current ratio at December 31, 2020. (Round your answer to 2 decimal places) e. Calculate the acid-test ratio at December 31, 2020. (Round your answer to 2 decimal places.) 1. Assume that on December 31, 2020, the treasurer of Homes decided to pay $15.000 of accounts payable What impact of any, this payment will have on the answers you calculated for parts and increase, decrease or no effect) 9. Assume that instead of paying $15.000 of accounts payable on December 31, 2020. Hames collected $15.000 of accounts receivable. What impact if any, this recopt will have on the answers you calculated for parte ad increase. decrease or no effect). B receivable. What impact, if any, this receipt will have on the a X Answer is not complete. a . ROI 17.61 % b. ROE 0.4 x C Working capital $ d. Current ratio 99,800 1.97 0.97 e. Acid test ratio f ROI ROE Working capital Current ratio ROI g ROE Working capital Current ratio