WIEMERS COMPANY

BALANCE SHEETS

DECEMBER 31

2017 2016

cash	4,300	3,700
accounts receivable (net)	21,200	23,400
inventory	10,000	7,000
land	20,000	26,000
buildings	70,000	70.000
accumulated depreciation-buildings	(15,000)	(10,000)
total	110,500	120,100
accounts payable	12,370	31,100
common stock	75,000	69,000
retained earnings	23,130	20,000
total	110,500	120,100

Wiemers 2017 income statment 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

b) acid-test ratio

c) accounts receivable ratio

d) inventory turnover

e) profit margin

f)asset turnover

g)retun on assets

h) return on common stockholders equity

i) debt to assets ratio