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Problem 3 - 2 0 ( Algo ) Calculate profitability and liquidity measures LO 3 - 3 , 3 - 4 , 3 - 6
Problem Algo Calculate profitability and liquidity measures LO
Presented here are the comparative balance sheets of Hames Incorporated at December and Sales for the year endes December totaled $
Required:
a Calculate ROI for
Note: Do not round intermediate calculations. Round your final answer to decimal places.
b Calculate ROE for
Note: Round your answer to decimal place.
c Calculate working capital at December
d Calculate the current ratio at December
Note: Round your answer to decimal places.
e Calculate the acidtest ratio at December
Note: Round your answer to decimal places.
f Assume that on December the treasurer of Hames decided to pay $ of accounts payable. What impact, if any, this payment will have on the answers you calculated for parts ad increase decrease, or no effect
g Assume that instead of paying $ of accounts payable on December Hames collected $ of accounts receivable. What impact, if any, this receipt will have on the answers you calculated for parts ad increase decrease, or no effect
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