Presented here are the comparative balance sheets of Hames, Inc., at December 31, 2011 and 2010. Sales for the year ended December 31, 2011, totaled $580,000. HAMES, INC. Balance Sheets December 31, 2011 and 2010 2011 2010 Assets Cash $ 21,000 $ 19,000 Accounts receivable 78,000 72,000 Merchandise inventory 103,000 99,000 Total current assets $ 202,000 $ 190,000 Land 50,000 40,000 Plant and equipment 125,000 110,000 Less: Accumulated depreciation (65,000 ) (60,000 ) Total assets $ 312,000 $ 280,000 Liabilities Short-term debt $ 18,000 $ 17,000 Accounts payable 56,000 48,000 Other accrued liabilities 20,000 18,000 Total current liabilities $ 94,000 $ 83,000 Long-term debt 22,000 30,000 Total liabilities . $ 116,000 $ 113,000 Owners Equity Common stock, no par, 100,000 shares authorized 40,000 and 25,000 shares issued, respectively $ 74,000 $ 59,000 Retained earnings: Beginning balance $ 108,000 $ 85,000 Net income for the year 34,000 28,000 Dividends for the year (20,000 ) (5,000 ) Ending balance $ 122,000 $ 108,000 Total owners equity $ 196,000 $ 167,000 Total liabilities and owners equity $ 312,000 $ 280,000 Requirement 1: Calculate ROI for 2011. (Round your percentage answer to two decimal places. Omit the "%" sign in your response.) ROI % Requirement 2: Calculate ROE for 2011. (Round your percentage answer to one decimal place. Omit the "%" sign in your response.) ROE % Requirement 3: Calculate working capital at December 31, 2011. (Omit the "$" sign in your response.) Working capital $ Requirement 4: Calculate the current ratio at December 31, 2011. (Round your answer to two decimal places.) Current ratio Requirement 5: Calculate the acid-test ratio at December 31, 2011. (Round your answer to two decimal places.) Acid test ratio Requirement 6: Assume that on December 31, 2011, the treasurer of Hames, Inc., decided to pay $15,000 of accounts payable. What impact, if any, this payment will have on the answers you calculated for requirements 1-4 (increase, decrease, or no effect) (a) ROI for the year ended December 31, 2011 (b) ROE for the year ended December 31, 2011: (c) Working capital as at December 31, 2011: (d) Current ratio as at December 31, 2011: Requirement 7: Assume that instead of paying $15,000 of accounts payable on December 31, 2011. Hames, Inc., collected $15,000 of accounts receivable. What impact, if any, this receipt will have on the answers you calculated for requirements 1-4 (increase, decrease, or no effect) (a) ROI for the year ended December 31, 2011: (b) ROE for the year ended December 31, 2011: (c) Working capital as at December 31, 2011: (d) Current ratio as at December 31, 2011