Exercise 18-11 Wiemers Corporation's comparative balance sheets are presented below WIEMERS CORPORATION Balance Sheets December 31 2017 2016 3,800 23,400 7,200 25,800 70,300 Cash 3,900 21,300 10,400 20,300 70,300 Accounts receivable (net) Land Buildings Accumulated depreciation-buildings (15,200) (10,100) Total Accounts payable Common stock Retained earnings $111,000 $120,400 $31,400 68,700 20,300 $111,000 $120,400 $ 11,900 74,000 25,100 Total Wiemers's 2017 income statement included net sales of $112,000, cost of goods sold of $60,000, and net income of $15,200 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 times