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please answer these questions! Question 6 Wiemers Corporation's comparative balance sheets are presented below. WIEMERS CORPORATION Balance Sheets December 31 2017 2016 Cash $ 4,600
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Question 6 Wiemers Corporation's 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 depreciation-buildings (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 Wiemers's 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 01 Acid-test ratio :1 Accounts receivable turnover times times Inventory turnover Profit margin 9 Asset turnover times Return on assets % Return on common stockholders' equity % Debt to assets ratio % Step by Step Solution
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