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 $690.000 HAMES INC. Balance Sheets December 31, 2020 and 2019 2020 2019 $ 24, eee 78. Bee 103, see $ 205,000 Se, eee 125, Bee (65.ee $ 315, ees $ 20. dee 72.ee 99.ee $191, eee 4e,eee 11e, eee (6e eee) $ 281,000 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, see shares authorized 40,000 and 25,000 shares issued, respectively Retained earnings: Beginning balance Net income for the year Dividends for the year Endine balance Total stockholders' equity Total liabilities and stockholders' equity $ 18, Bea 66,000 2e.ee $ 180,00 22.ee $ 126,000 $ 12.ee 25,5ee 18.20 $ 110,5ee 30,00 $ 140, see $ 74,00 $ 59, eee $ 81, see 53,5ee (20,eee) $ 115,00 $ 189.00 $ 315.ee $ 35,000 1,5ee (5,000) $ 81, 50e $ 140.500 5 281,000 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.) 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 Hames decided to pay $15,000 of accounts payable. What Impact, if any, this payment will have on the answers you calculated for parts o-d (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 receipt will have on the answers you calculated for parts a-d (Increase, decrease or no effect). RO: 10. 20 27 2 0 $ ROE Working capital Current ratio Acid testati d 08.000 1.DE 0.05