Presented here are the comparative balance sheets of Hames, Inc., at December 31, 2017 and 2016. Sales for the year ended December 31, 2017, totaled $530,000.

2017 2016 Assets Cash S 22.000 21,000 Accounts receivable 78,000 72.000 Merchandise inventory 103,000 99.000 Total current assets $ 203,000 192.000 Land 50,000 40,000 Plant and equipment 125,000 110.000 Less: Accumulated depreciation (65,000) (60,000) Total assets $ 313,000 $ 282,000 Liabilities Short-term debt S 18,000 17,000 Accounts payable 65.200 76.000 Other accrued liabilities 20,000 18.000 Total current liabilities $ 103.200 $ 111,000 Long-term deb 22,000 30,000 Total liabilities $ 125,200 $ 141,000 Stockholders' 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 $ 82,000 S 85,000 Net income for the year 51,800 2.000 Dividends for the year (20,000) 5,000) Ending balance $ 113,800 $ 82,000 Total stockholders equity $ 187,800 6 141,000 Total liabilities and stockholders' equity $ 313,000 $ 282,000 Required: a. Calculate ROI for 2017. (Do not round intermediate calculations. Round your final answer to 2 decimal places.) ROI 7% b. Calculate ROE for 2017. (Round your answer to 1 decimal place.) ROE c. Calculate working capital at December 31, 2017. Working capital d. Calculate the current ratio at December 31, 2017. (Round your answer to 2 decimal places.) Current ratioc. Calculate the acid-test ratio at December 31, 2017. (Round your answer to 2 decimal places.) Acid test ratio f. Assume that on December 31, 2017, the treasurer of Hames, Inc., decided to pay $15,000 of accounts payable. What impact, if any, this receipt will have on the answers you calculated for requirements a-d (increase, decrease, or no effect) a. ROI for the year ended December 31, 2017: Decrease Increase O No effect b. ROE for the year ended December 31, 2017: Decrease No effect Increase c.Working capital as at December 31, 2017: O No effect Decrease Increase d. Current ratio as at December 31, 2017: Increase Decrease O No effect g. Assume that instead of paying $15,000 of accounts payable on December 31, 2017. Hames, Inc., collected $15,000 of accounts receivable. What impact, if any, this receipt will have on the answers you calculated for requirements a-d (increase, decrease, or no effect) a. ROI for the year ended December 31, 2017: O Decrease Increase No effect b. ROE for the year ended December 31, 2017: Increase O No effect Decrease c. Working capital as at December 31, 2017: Decrease Increase No effect d. Current ratio as at December 31, 2017: O Increase Decrease O No effect