Presented here are the comparative balance sheets of Hames Incorporated at December 31, 2023 and 2022. Sales for the year ended December 31, 2023, totaled $610,000.

HAMES INCORPORATED Balance Sheets December 31, 2023 and 2022
	2023	2022
Assets
Cash	$ 21,000	$ 21,000
Accounts receivable	78,000	72,000
Merchandise inventory	103,000	99,000
Total current assets	$ 202,000	$ 192,000
Land	50,000	40,000
Plant and equipment	125,000	110,000
Less: Accumulated depreciation	(65,000)	(60,000)
Total assets	$ 312,000	$ 282,000
Liabilities
Short-term debt	$ 18,000	$ 17,000
Accounts payable	64,800	76,000
Other accrued liabilities	20,000	18,000
Total current liabilities	$ 102,800	$ 111,000
Long-term debt	22,000	30,000
Total liabilities	$ 124,800	$ 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	$ 85,000
Net income for the year	51,200	2,000
Dividends for the year	(20,000)	(5,000)
Ending balance	$ 113,200	$ 82,000
Total stockholders equity	$ 187,200	$ 141,000
Total liabilities and stockholders equity	$ 312,000	$ 282,000

Required:

1. Calculate ROI for 2023.

Note: Do not round intermediate calculations. Round your final answer to 2 decimal places.

1. Calculate ROE for 2023.

Note: Round your answer to 1 decimal place.

1. Calculate working capital at December 31, 2023.
2. Calculate the current ratio at December 31, 2023.

Note: Round your answer to 2 decimal places.

1. Calculate the acid-test ratio at December 31, 2023.

Note: Round your answer to 2 decimal places.

1. Assume that on December 31, 2023, 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 ad (increase, decrease, or no effect).
2. Assume that instead of paying $15,000 of accounts payable on December 31, 2023. Hames collected $15,000 of accounts receivable. What impact, if any, this receipt will have on the answers you calculated for parts ad (increase, decrease, or no effect).