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 $580,000. HAMES, INC., Balance Sheets December 31, 2017 and 2016 2017 2016 Assets Cash $ 23,000 $ 19,000 Accounts receivable 78,000 72,000 Merchandise inventory 103,000 99,000 Total current assets $ 204,000 $ 190,000 Land 50,000 40,000 Plant and equipment 125,000 110,000 Less: Accumulated depreciation (65,000 ) (60,000 ) Total assets $ 314,000 $ 280,000 Liabilities Short-term debt $ 18,000 $ 17,000 Accounts payable 65,600 75,000 Other accrued liabilities 20,000 18,000 Total current liabilities $ 103,600 $ 110,000 Long-term debt 22,000 30,000 Total liabilities $ 125,600 $ 140,000 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 $ 81,000 $ 85,000 Net income for the year 53,400 1,000 Dividends for the year (20,000 ) (5,000 ) Ending balance $ 114,400 $ 81,000 Total stockholders equity $ 188,400 $ 140,000 Total liabilities and stockholders equity $ 314,000 $ 280,000 e. Calculate the acid-test ratio at December 31, 2017. (Round your answer to 2 decimal places.) 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: No effect Decrease Increase b. ROE for the year ended December 31, 2017: No effect Increase Decrease c.Working capital as at December 31, 2017: Increase No effect Decrease d. Current ratio as at December 31, 2017: Increase Decrease 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: Increase Decrease No effect b. ROE for the year ended December 31, 2017: No effect Increase Decrease c. Working capital as at December 31, 2017: Decrease No effect Increase d. Current ratio as at December 31, 2017: Increase Decrease No effect