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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 $580,000.
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 $580,000. Requlred: o. Calculate ROI for 2023 . Note: Do not round Intermedlate calculations. Round your flnal answer to 2 declmal 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 declmal places. e. Calculate the acid-test ratio at December 31, 2023 . 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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