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Presented here are the comparative balance sheets of Homes Inc. at December 31, 2020 and 2019. Sales for the year ended December 31, 2020, totaled

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Presented here are the comparative balance sheets of Homes Inc. at December 31, 2020 and 2019. Sales for the year ended December 31, 2020, totaled $530,000. HAMES INC Balance Sheets December 31, 2020 and 2019 2020 2019 $ 22,000 78,000 103,000 $ 203,000 50,000 125,000 (65,000) $ 313,000 $ 21,000 72,000 99,000 $ 192,000 40,000 110,000 (60,000) $ 282,900 Assets Cash Accounts receivable Merchandise inventory Total current assets Land Plant and equipment Lesst 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 40,808 and 25,800 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 $ 18,000 65,200 20,000 $ 103,200 22,000 $ 125,200 $ 17,000 76,000 18,000 $ 111,000 30,000 $ 141,090 $ 74,800 $ 59,880 $ 82,800 51,800 (20,880) $ 113,880 $ 187,800 $ 313,000 $ 85,000 2,000 (5,880) $ 82,000 $ 141,000 $ 282,000 Required: .. Calculate ROI for 2020 (Do not round intermediate calculations. Round your final answer to 2 decimal places.) b. Calculate ROE for 2020 (Round your answer to 1 decimal place) c. Calculate working capital at December 31, 2020 d. Calculate the current ratio at December 31, 2020. (Round your answer to 2 decimal places.) e. Calculate the acid-test ratio at December 31, 2020. (Round your answer to 2 decimal places.) t. Assume that on December 31, 2020, the treasurer of Homes decided to pay $15.000 of accounts payable What impact, if any, this payment will have on the answers you calculated for parts -d increase, decrease, or no effect). g. Assume that instead of paying $15,000 of accounts payable on December 31, 2020 Homes collected $15,000 of accounts receivable. What impact, if any, this receipt will have on the answers you calculated for parts -d increase, decrease or no effect). b d. e 1. ROI ROE Worling capital Current ratio Auld test ratio ROI ROE Working capital Current rato ROI ROE Working capital Current ratio 9

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