Question
Required: Calculate ROI for 2020. (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Calculate ROE for 2020. (Round your answer
Required: Calculate ROI for 2020. (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Calculate ROE for 2020. (Round your answer to 1 decimal place.) Calculate working capital at December 31, 2020. Calculate the current ratio at December 31, 2020. (Round your answer to 2 decimal places.) Calculate the acid-test ratio at December 31, 2020. (Round your answer to 2 decimal places.) Assume that on December 31, 2020, 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). Assume that instead of paying $15,000 of accounts payable on December 31, 2020. 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).
Problem 3-18 (Algo) Calculate profitability and liquidity measures LO 3, 4, 6 Presented here are the comparative balance sheets of Hames Inc. at December 31, 2020 and 2019. Sales for the year ended December 31, 2020, totaled $560,000Step by Step Solution
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