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Wiemers 2017 income statement included net sales of 104,000 cost of goods sold of 59,600 and net income of 16,000 Compute the following ratios for

Wiemers 2017 income statement included net sales of 104,000 cost of goods sold of 59,600 and net income of 16,000
Compute the following ratios for 2017
A) Current Ratio
B) Acud test Ratio
C) Accounts receivable turnover
D) Inventory turnover
E) profit margin
F) Asset turnover
G) Return on assets
H) Return on common stockholders equity
I) debt to assets ratio
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Exercise 18-11 Wiemers Corporation's comparative balance sheets are presented below. WIEMERS CORPORATION Balance Sheets December 31 2017 2016 Cash Accounts receivable (net) Inventory Land Buildings Accumulated depreciation-buildings $ 3,400 23,800 7,000 26,500 69,600 69,600 (14,500) (10,000) $109,500 $120,300 $12,100 31,000 70,000 19,300 3,700 20,800 10,300 19,600 Total Accounts payable Common stock Retained earnings 74,800 22,600 Total 109,500 $120,300 Wiemers's 2017 income statement included net sales of $104,000, cost of goods sold of $59,600, and net income of $16,000. Compute the following ratios for 2017, (Round answers to 2 decimal places, eg. 1.65, or 1.65% .) Current ratio Acid-test ratio times Accounts receivable turnover Inventory turnover Profit margin Asset turnover Return on assets times times

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