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WIEMERS CORPORATION Balance Sheets December 31 2017 2016 Cash Accounts receivable (net) Inventory Land Buildings Accumulated depreciation-buildings $4,500 21,600 10,400 20,200 70.000 (14,500) $112,200 $12,400
WIEMERS CORPORATION Balance Sheets December 31 2017 2016 Cash Accounts receivable (net) Inventory Land Buildings Accumulated depreciation-buildings $4,500 21,600 10,400 20,200 70.000 (14,500) $112,200 $12,400 75,500 24,300 $112,200 $3,700 23,700 7,100 25,800 70,000 (10,000) $120,300 $ 31,200 70,300 18.800 $120,300 Total Accounts payable Common stock Retained earnings Total Wiemers's 2017 income statement included net sales of $114,000, cost of goods sold of $60,700, and net income of $14,800. Compute the following ratios for 2017. (Round Debt to assets ratio to 1 decimal place, eg. 1.6, or 1.6% and all other answers to 2 decimal places, eg. 1.64, or 1.64%.) (a) :1 Current ratio :1 (b) Acid-test ratio times (c) Accounts receivable turnover times (d) Inventory turnover % (e) Profit margin times (f) Asset turnover % Return on assets DOS % Return on common stockholders' equity % (i) Debt to assets ratio
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