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I need help with these last couple percentages. Thanks Wiemers Corporation's comparative balance sheets are presented below. WIEMERS CORPORATION Dalaie31 2016 2017 $ 3,700 Cash
I need help with these last couple percentages. Thanks
Wiemers Corporation's comparative balance sheets are presented below. WIEMERS CORPORATION Dalaie31 2016 2017 $ 3,700 Cash $3,700 23,500 Accounts receivable (net) Inventory 20,900 19.700 70.100 25 800 Buildings Accumulated depreciation-buildings Total 70,100 (10,300) $120,100 (14,800) $109,900 $12,700 30,800 68,000 Accounts payable Common stock Re Total 74,900 earnings $120,100 $109.900 Wiemers's 2017 income statement included net sales of $101,000, cost of goods sold of $59,400, and net income of $15,600. Compute the following ratios for 2017. (Round Debt to assets ratio to 1 decimal place, e.g. 1.6, or 1.6% and all other answers to 2 decimal places, e.g. 1.65, or 1.65% .) (a) Current ratio 2,75 (b) Acid-test ratio 1.94 :1 (c) Accounts receivable turnover 5 times (d) Inventory turnover 6.75 times (e) Profit margin (f) Asset turnover times (g) Return on assets % Return on common stockholders' equity (h) (i) Debt to assets ratioStep by Step Solution
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