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Exercise 18-11 Wiemers Corporation's comparative balance sheets are presented below. WIEMERS CORPORATION Balance Sheets 2016 Cash Accounts receivable (net) Inventory Land Buildings Accumulated depreciation-buildings 2017
Exercise 18-11 Wiemers Corporation's comparative balance sheets are presented below. WIEMERS CORPORATION Balance Sheets 2016 Cash Accounts receivable (net) Inventory Land Buildings Accumulated depreciation-buildings 2017 $3,400 20,700 10,000 19,500 69,500 (14,500) $3,200 22,900 6,500 25,500 69,500 (10,000) Total Accounts payable Common stock Retained earnings $108,600 $117,600 11,800 30,600 74,000 22,800 68,000 19,000 $117,600 Total Wiemers's 2017 income statement included net sales of $100,000, cost of goods sold of $59,000, and net income of $14,000 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 $108,600 times times times Return on assets Return on common stockholders' equity Debt to assets ratio
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