Presented here are the comparative balance sheets of Hames Incorporated at December 31, 2023 and 2022. Sales for the December 31, 2023, totaled $640,000. year HAMES INCORPORATED Balance Sheets December 31, 2023 and 2022 Assets Cash Accounts receivable Merchandise inventory Total current assets Land Plant and equipment Less: Accumulated depreciation Total assets Liabilities Short-term debt Accounts payable Other accrued liabilities Total current liabilities Long-term debt Total liabilities Stockholders' Equity Common stock, no par, 100,000 shares authorized 40,000 and 25,000 shares issued, respectively Retained earnings: Beginning balance Net income for the year Dividends for the year Ending balance Total stockholders' equity Total liabilities and stockholders' equity 2023 $ 25,000 78,000 103,000 $ 206,000 50,000 125,000 (65,000) $ 316,000 $ 18,000 66,400 20,000 $ 104,400 22,000 $ 126,400 $ 74,000 $ 82,000 53,600 (20,000) 2022 $ 21,000 72,000 99,000 $ 192,000 40,000 110,000 (60,000) $ 282,000 $ 17,000 76,000 18,000 $ 111,000 30,000 $ 141,000 $ 59,000 $ 85,000 2,000 (5,000) $ 82,000 $ 115,600 $ 189,600 $ 141,000 $ 316,000 $ 282,000 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. ended