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make the below ratios for the 2 years ( 2016 & 2017 ) then make an advice whether to invest in this company or not
make the below ratios for the 2 years ( 2016 & 2017 ) then make an advice whether to invest in this company or not
Wiemers Corporation's comparative balance sheets are presented as below: Wiemers's 2017 income statement included net sales of $100,000, cost of goods sold of $60,000, and net income of $15,000. Instructions Compute,the following ratios for 2017. (a) Current ratio. (f) Asset turnover. (b) Acid-test ratio. (g) Return on assets. (c) Accounts receivable turnover. (h) Return on common stockholders' equity. (d) Inventory turnover. (i) Debt to assets ratio. (e) Profit margin. 2- Give an overview of this company based on ratio calculated previously and comment on whether to invest in this company or not Step by Step Solution
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