Exercise 18-11 Wiemers Corporation's comparative balance sheets are presented below. WIEMERS CORPORATION Balance Sheets December 31 2017 2016 Cash $ 4,500 $ 3,200 Accounts receivable (net) 20,800 23,300 Inventory 10,100 7,200 Land 19,500 26,400 Buildings 70,000 70,000 Accumulated depreciation--buildings (14,600) (10,600) Total $110,300 $119,500 Accounts payable $ 12,700 $ 31,100 Common stock 74,900 68,600 Retained earnings 22,700 19,800 Total $110,300 $119,500 By 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, e.g. 1.6.5, or 1.659.) Current ratio Acid-test ratio 1 Accounts receivable turnover times Inventory turnover times Profit margin Asset turnover Return on assets here to search o Wiemers's 2017 income statement included net sales of $110,000, cost of goods sold of $60,800, and net incc Compute the following ratios for 2017. (Round answers to 2 decimal places, e.g. 1.65, or 1.65%) udy Current ratio :1 Acid-test ratio :1 Accounts receivable turnover times Inventory turnover times Profit margin % Asset turnover times Return on assets Yo Return on common stockholders' equity % Debt to assets ratio 96 Click if you would like to Show Work for this question: Open Show Work LINK TO TEXE