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WIEMERS CORPORATION Balance Sheets December 31 2017 Cash $ 4,100 Accounts receivable (net) 20,900 Inventory 10,400 Land 19,900 Buildings 69,500 Accumulated depreciation-buildings (14,700) Total $110,100
WIEMERS CORPORATION Balance Sheets December 31 2017 Cash $ 4,100 Accounts receivable (net) 20,900 Inventory 10,400 Land 19,900 Buildings 69,500 Accumulated depreciation-buildings (14,700) Total $110,100 Accounts payable $ 12,300 Common stock 74,500 Retained earnings 23,300 Total $110,100 2016 $ 4,100 23,200 7,500 26,000 69,500 (10,400) $119,900 $ 31,600 20.500 17,800 $119,900 Wiemers's 2017 income statement included net sales of $109,000, cost of goods sold of $59,500, and net income of $14,300. Compute the following ratios for 2017. (Round answers to 2 decimal places, e.g. 1.65, or 1.65%.) Current ratio Acid-test ratio Accounts receivable turnover times Inventory turnover times Profit margin Asset turnover times Return on assets Return on common stockholders' equity Debt to assets ratio
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