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2017 2016 Cash Accounts receivable (net) Inventory Land Buildings Accumulated depreciation-buildings $3,200 23,300 7,200 26,400 70,000 (14,600) (10,600) $110,300$119,500 $12,70031,100 68,600 19,800 $110,300$119,500 $ 4,500
2017 2016 Cash Accounts receivable (net) Inventory Land Buildings Accumulated depreciation-buildings $3,200 23,300 7,200 26,400 70,000 (14,600) (10,600) $110,300$119,500 $12,70031,100 68,600 19,800 $110,300$119,500 $ 4,500 20,800 10,100 19,500 70,000 Total Accounts payable Common stock Retained earnings 74,900 22,700 Total Wiemers's 2017 income statement included net sales of $110,000, cost of goods sold of $60,800, and net income of $15,000 Compute the following ratios for 2017. (Round answers to 2 decimal places, e.g. 1.65, or 1.65% .) Current ratio Acid-test ratio Accounts receivable turnover Inventory turnover Profit margin Asset turnover times times times Return on assets Return on common stockholders' equity
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