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Problem 3 - 2 0 ( Static ) Calculate profitability and liquidity measures LO 3 - 3 , 3 - 4 , 3 - 6
Problem Static Calculate profitability and liquidity measures LO Presented here are the comparative balance sheets of Hames Incorporated at December and Sales for the year ended December totaled $ HAMES INCORPORATED Balance Sheets December and Assets Cash $ $ Accounts receivable Merchandise inventory Total current assets $ $ Land Plant and equipment Less: Accumulated depreciation Total assets $ $ Liabilities Shortterm debt $ $ Accounts payable Other accrued liabilities Total current liabilities $ $ Longterm debt Total liabilities $ $ Stockholders Equity Common stock, no par, shares authorized, and 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 $ $ Required: Calculate ROI for Calculate ROE for Note: Round your answer to decimal place. Calculate working capital at December Calculate the current ratio at December Note: Round your answer to decimal places. Calculate the acidtest ratio at December Note: Round your answer to decimal places. 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 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 Prev Question of Total of Visit question mapNext
Problem Static Calculate profitability and liquidity measures LO
Presented here are the comparative balance sheets of Hames Incorporated at December and Sales for the year ended December totaled $
HAMES INCORPORATED
Balance Sheets
December and
Assets
Cash $ $
Accounts receivable
Merchandise inventory
Total current assets $ $
Land
Plant and equipment
Less: Accumulated depreciation
Total assets $ $
Liabilities
Shortterm debt $ $
Accounts payable
Other accrued liabilities
Total current liabilities $ $
Longterm debt
Total liabilities $ $
Stockholders Equity
Common stock, no par, shares authorized, and 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 $ $
Required:
Calculate ROI for
Calculate ROE for
Note: Round your answer to decimal place.
Calculate working capital at December
Calculate the current ratio at December
Note: Round your answer to decimal places.
Calculate the acidtest ratio at December
Note: Round your answer to decimal places.
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
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
Prev Question of Total of Visit question mapNext
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