2016 WIEMERS CORPORATION Balance Sheets December 31 2017 Cash $4,500 Accounts receivable (net) 21,600 Inventory 10,400 Land 20,200 Buildings 70,000 Accumulated depreciation-buildings (14,500) Total $112,200 Accounts payable $ 12,400 Common stock 75,500 Retained earnings 24,300 Total $112,200 $ 3,700 23,700 7,100 25,800 70,000 (10,000) $120,300 $ 31,200 70,300 18,800 $120,300 Wiemers's 2017 income statement included net sales of $114,000, cost of goods sold of $60,700, and net income of $14,800. Compute the following ratios for 2017. (Round Debt to assets ratio to 1 decimal place, e.g. 1.6, or 1.6% and all other answers to 2 decimal places, eg. 1.64, or 1.64%.) ^ (a) Current ratio 2.94 :1 (b) Acid-test ratio 2.1 :1 (c) Accounts receivable turnover 5.03 times 6.5 times (d) Inventory turnover 12.98 % (e) Profit margin times (f) Asset turnover % Return on assets % (h) Return on common stockholders' equity %6 (0) Debt to assets ratio