Exercise 14-11 Wiemers Corporation's comparaive balance sheets are presented below WIEMERS CORPORATION Balance Sheets December 31 2016 Cash Accounts receivable (net) Inventory Land Buildings Accumulated depreciation-buildings 2017 $ 4,600 20,700 10,100 20,000 69,500 15,400 $ 4,200 23,800 7,300 26,000 69,500 11,000 $119,800 Total Accounts payable Common stock Retained earnings $109.500 $12,500 31,300 68,800 19.700 $109,500 $119,800 75,800 Total Wiemers's 2017 income statement included net sales of $108,000, cost of goods sold of $61,000, and net income of $14,100 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 decimal places, eg. 1.65, or 1.65% (a) Current ratio (b) Acid-test ratio (c Accounts receivable turnove