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Presented here are the comparative balance sheets of Hames Incorporated at December 3 1 , 2 0 2 3 and 2 0 2 2 .

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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 $630,000.
HAMES INCORPORATED
Balance Sheets
December 31,2023 and 2022
20232022
Assets
Cash $ 21,000 $ 20,000
Accounts receivable 78,00072,000
Merchandise inventory 103,00099,000
Total current assets $ 202,000 $ 191,000
Land 50,00040,000
Plant and equipment 125,000110,000
Less: Accumulated depreciation (65,000)(60,000)
Total assets $ 312,000 $ 281,000
Liabilities
Short-term debt $ 18,000 $ 17,000
Accounts payable 64,80075,500
Other accrued liabilities 20,00018,000
Total current liabilities $ 102,800 $ 110,500
Long-term debt 22,00030,000
Total liabilities $ 124,800 $ 140,500
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 $ 81,500 $ 85,000
Net income for the year 51,7001,500
Dividends for the year (20,000)(5,000)
Ending balance $ 113,200 $ 81,500
Total stockholders equity $ 187,200 $ 140,500
Total liabilities and stockholders equity $ 312,000 $ 281,000
Required:
Calculate ROI for 2023.
Note: Do not round intermediate calculations. Round your final answer to 2 decimal places.
Calculate ROE for 2023.
Note: Round your answer to 1 decimal place.
Calculate working capital at December 31,2023.
Calculate the current ratio at December 31,2023.
Note: Round your answer to 2 decimal places.
Calculate the acid-test ratio at December 31,2023.
Note: Round your answer to 2 decimal places.
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).
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). Required:
a. Calculate ROI for 2023.
Note: Do not round intermediate calculations. Round your final answer to 2 decimal places.
b. Calculate ROE for 2023.
Note: Round your answer to 1 decimal place.
c. Calculate working capital at December 31,2023.
d. Calculate the current ratio at December 31,2023.
Note: Round your answer to 2 decimal places.
e. Calculate the acid-test ratio at December 31,2023.
Note: Round your answer to 2 decimal places.
f. 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 a-d (increase, decrease, or no effect).
g. 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 a-d (increase, decrease, or no effect).
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