Question
Exercise 18-11 Wiemers Corporation's comparative balance sheets are presented below. WIEMERS CORPORATION Cash Accounts receivable (net) Inventory Land Balance Sheets December 31 2017 2016 $
Exercise 18-11 Wiemers Corporation's comparative balance sheets are presented below. WIEMERS CORPORATION Cash Accounts receivable (net) Inventory Land Balance Sheets December 31 2017 2016 $ 4,600 21,000 $ 3,700 23,700 10,000 6,800 20,000 26,300 69,800 69,800 (15,400) (10,900) $110,000 $119,400 $ 12,300 $ 31,200 74,900 70,500 22,800 $110,000 17,700 $119,400 Buildings Accumulated depreciation-buildings Total Accounts payable Common stock Retained earnings Total Wiemers's 2017 income statement included net sales of $118,000, cost of goods sold of $60,600, and net income of $15,800. 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 Inventory turnover Profit margin Asset turnover Return on assets Return on common stockholders' equity Debt to assets ratio :1 :1 times times % times % % %
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