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 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 40,000 110,000 160.000) $ 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 S 59.000 $ 81,500 51,100 120.000) 3112,600 5186,600 $111.000 $ 85,000 1,500 5.000) 5 81.500 $140,500 $281.000 Required: a. Calculate ROI for 2020. (Do not round Intermediate calculations. Round your final answer to 2 decimal places.) on non me 6 of 12