Documentl-Word TABLE TOOLS DESON PAGE LAYOUT REFERENCS MALINGS REVVy VEW DESON AOUT 1 Normal 1 No Spac.Heading1 Heading 2 TeleSube Font Paragraph Styles Question 2 Wiemers Corporation's comparative balance sheets are presented below. WIEMERS CORPORATION Balance Sheets December 31 2017 4,500 3,200 20,800 10,100 19,500 70,000 2016 Cash Accounts receivable (net) Inventory Land Buildings Accumulated depreciation-buildings 23,300 7,200 26,400 70,000 (14,600)(10,600) 110,300 $119,500 $12,700 31,100 68,600 19,800 Total Accounts payable Common stock Retained earnings 74,900 22,700 Total $110,300 $119,500 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, eg. 1.65, or 1.65% Current ratio Acid-test ratio Accounts receivable turnover Inventory turnover Profit margin Asset turnover Return on assets Return on common stockholders equity times times times SPPING 2018 e ext: 573 FALL 201