Presented here are the comparative balance sheets of Hames Incorporated at December 31, 2023 and 2022....

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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 $620,000. HAMES INCORPORATED Balance Sheets December 31, 2023 and 2022 2023 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 Retained earnings: 25,000 shares issued, respectively Beginning balance. $ 24,000 78,000 103,000 $ 205,000 50,000 125,000 (65,000) $ 315,000 $ 18,000 66,000 20,000 $ 104,000 22,000 $ 126,000 $ 20,000 72,000 99,000 $ 191,000 40,000 110,000 (60,000) $ 281,000 $ 17,000 75,500 18,000 $ 110,500 30,000 $ 140,500 $ 59,000 $ 74,000 $ 81,500 $ 85,000 Net income for the year Dividends for the year Ending balance Total stockholders' equity Total liabilities and stockholders' equity Required: 53,500 (20,000) $ 115,000 1,500 (5,000) $ 81,500 $ 189,000 $ 140,500 $ 315,000 $ 281,000 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). 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 $620,000. HAMES INCORPORATED Balance Sheets December 31, 2023 and 2022 2023 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 Retained earnings: 25,000 shares issued, respectively Beginning balance. $ 24,000 78,000 103,000 $ 205,000 50,000 125,000 (65,000) $ 315,000 $ 18,000 66,000 20,000 $ 104,000 22,000 $ 126,000 $ 20,000 72,000 99,000 $ 191,000 40,000 110,000 (60,000) $ 281,000 $ 17,000 75,500 18,000 $ 110,500 30,000 $ 140,500 $ 59,000 $ 74,000 $ 81,500 $ 85,000 Net income for the year Dividends for the year Ending balance Total stockholders' equity Total liabilities and stockholders' equity Required: 53,500 (20,000) $ 115,000 1,500 (5,000) $ 81,500 $ 189,000 $ 140,500 $ 315,000 $ 281,000 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).