Exercise 18-11

Wiemers Corporations comparative balance sheets are presented below.

WIEMERS CORPORATION Balance Sheets December 31
		2017			2016
Cash		$ 3,500			$ 4,100
Accounts receivable (net)		21,500			23,300
Inventory		10,400			7,400
Land		19,500			25,800
Buildings		70,200			70,200
Accumulated depreciationbuildings		(15,400	)		(11,000	)
Total		$109,700			$119,800
Accounts payable		$ 12,700			$ 30,700
Common stock		75,400			70,300
Retained earnings		21,600			18,800
Total		$109,700			$119,800

Wiemerss 2017 income statement included net sales of $109,000, cost of goods sold of $59,200, and net income of $15,500. Compute the following ratios for 2017. (Round answers to 2 decimal places, e.g. 1.65, or 1.65% .)

Current ratio			:1
Acid-test ratio			:1
Accounts receivable turnover			times
Inventory turnover			times
Profit margin			%
Asset turnover			times
Return on assets			%
Return on common stockholders equity			%
Debt to assets ratio			%