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Exercise 18-11 Wiemers Corporation's comparative balance sheets are presented below. WEMERS CORPORATION Balance Sheets December 31 2017 2016 Cash $3,400 3,200 Accounts receivable (net) 21,400

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"Exercise 18-11 Wiemers Corporation's comparative balance sheets are presented below. WEMERS CORPORATION Balance Sheets December 31 2017 2016 Cash $3,400 3,200 Accounts receivable (net) 21,400 23,400 Inventory Land 10,500 6,900 20,200 26,300 Buildings 70,500 70,500 Accumulated depreciation-buildings (14,500)(10,500) $111,500$119,800 1Total Accounts payable 12,700$30,600 75,100 1 Common stock 70,500 23,700 18,700 Retained earnings Total $111,500 $119,800 Wiemers's 2017 income statement induded net sales of $11/7,000, cost of goods sold of $61,000, and net income of $14,200 Compute the following ratios for 2017. (Round answers to 2 decimal places, eg. 1.65, or 1.65% .) Current ratio Acid-test ratio times d Accounts receivable turnover times Inventory turnover Profit margin times Asset turnover Return on assets Return on common stockholders' equity Debt to assets ratio

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