Exercise 18-11

Wiemers Corporations comparative balance sheets are presented below.

WIEMERS CORPORATION Balance Sheets December 31
		2017			2016
Cash		$ 4,600			$ 4,200
Accounts receivable (net)		20,700			23,800
Inventory		10,100			7,300
Land		20,000			26,000
Buildings		69,500			69,500
Accumulated depreciationbuildings		(15,400	)		(11,000	)
Total		$109,500			$119,800
Accounts payable		$ 12,500			$ 31,300
Common stock		75,800			68,800
Retained earnings		21,200			19,700
Total		$109,500			$119,800

Wiemerss 2017 income statement included net sales of $108,000, cost of goods sold of $61,000, and net income of $14,100. Compute the following ratios for 2017. (Round answers to 2 decimal places, e.g. 1.65, or 1.65% .)

Current ratio		?	:1
Acid-test ratio		?	:1
Accounts receivable turnover		?	times
Inventory turnover		?	times
Profit margin		?	%
Asset turnover		?	times
Return on assets		?	%
Return on common stockholders equity		?	%
Debt to assets ratio		?	%