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Can you please show all of your work. I need to learn this concept. List all* account added not just the numbers and equations used
Can you please show all of your work. I need to learn this concept. List all* account added not just the numbers and equations used please. preferrably typed , thanks Practice Exercise 02 Wiemers Corporation's comparative balance sheets are presented below. WIEMERS CORPORATION Balance Sheets December 31 2017 Cash $3,400 Accounts receivable (net) 21,700 Inventory 10,200 Land 20,100 Buildings 69,700 Accumulated depreciation-buildings (15,500) Total $109,600 Accounts payable $ 12,000 Common stock 75,600 Retained earnings 22,000 Total $109,600 2016 $ 4,000 23,400 7,500 25,600 69,700 (10,700) $119,500 $ 31,400 69,200 18,900 $119,500 Wiemers's 2017 income statement included net sales of $107,000, cost of goods sold of $59,700, and net income of $15,100. 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 deci 1.64%.) :1 (a) Current ratio :1 (b) Acid-test ratio Sons Inc Compute the following ratios for 2017. (Round Debt to assets ratio to 1 decimal place, e.g. 1.6, or 1.6% ar 1.64%.) (a) Current ratio : 1 (b) Acid-test ratio :1 (c) Accounts receivable turnover times (d) Inventory turtover 7.0 times (e) Profit margin 14.11 % (f) Asset turnover 1.01 times (9) Return on assets 13.78 % (h) Return on common stockholders' equity 20.86 % (0) Debt to assets ratio 1 %
Can you please show all of your work. I need to learn this concept. List all* account added not just the numbers and equations used please. preferrably typed , thanks
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