please post answer clear,; labeled a. b. c. etc
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 $620,000. HAMES INC. Balance Sheets December 31, 2020 and 2019 2020 Assets Cash Accounts receivable Merchandise inventory Total current assets $ 24,000 78,000 103,000 $ 205,000 50,000 125,000 (65,000 $ 315,000 $ 19,000 72,000 99,000 $ 190,000 40,000 110,000 (60,000 $ 250,000 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 $ 13,00 66,000 20,000 $ 104,000 22.000 $ 126,000 $ 17,000 75,000 18,000 $110.000 30,000 5 140,000 $ 74,000 559000 $ 81,000 54,000 $ 85,000 1,000 Net income for the year Dividends for the year Ending balance Total stockholders' equity Total liabilities and stockholders' equity 54,000 (20,000) $ 115,00 $ 189,00 $315.ee 1,000 (5.00 ) $81.00 $ 140,000 $ 280,000 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. de Calculate the current ratio at December 31, 2020. (Round your answer to 2 decimal ploces.) e. Calculate the acid-test ratio at December 31, 2020. (Round your answer to 2 decimal places.) f. Assume that on December 31, 2020, 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, 2020. Hames collected $15.000 of accounts receivable. What impact. If any this receipt will have on the answers you calculated for parts a-d (increase, decrease, or no effect). a ROI b. ROE C. Working capital d Current ratio Acid test ratio + DOE ROI ROE e. Working capital Current ratio Acid test ratio ROL ROE Working capital Current ratio ROI ROE Working capital Current ratio