Question
Exercise 18-11 Wiemers Corporation's comparative balance sheets are presented below. WIEMERS CORPORATION Balance Sheets December 31 2017 2016 Cash Accounts receivable (net) $4,100 $ 3,500
Exercise 18-11 Wiemers Corporation's comparative balance sheets are presented below. WIEMERS CORPORATION Balance Sheets December 31 2017 2016 Cash Accounts receivable (net) $4,100 $ 3,500 21,500 23,500 Inventory 10,500 7,400 Land 20,100 25,500 Buildings 70,100 70,100 Accumulated depreciation-buildings (14,600) (10,900) Total $111,700 $119,100 Accounts payable $ 11,800 $31,200 Common stock 74,100 69,400 Retained earnings 25,800 18,500 Total $111,700 $119,100 Wiomers's 2017 income statement included net sales of $102.000, cost of goods sold of 5 Wiemers's 2017 income statement included net sales of $102,000, cost of goods sold of $60,900, and net income of $14,900. Compute the following ratios for 2017. (Round answers to 2 decimal places, e.g. 1.65, or 1.65%) Current ratio Add-test ratio Accounts receivable turnover Inventory turnover Profit margin Asset turnover Return on assets :1 :1 times times times Return on common stockholders' equity Debt to assets ratio Click if you would like to Show Work for this question: Qeen Show Work
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