WIEMERS CORPORATION Balance Sheets December 31 2017 Cash $ 4,300 Accounts receivable (net) 21,200 Inventory 10,000 Land 20,000 Buildings 70,000 Accumulated depreciation-buildings (15,000) Total $110,500 Accounts payable $ 12,370 Common stock 75,000 Retained earnings 23,130 Total $110,500 2016 $ 3,700 23,400 7,000 26,000 70,000 (10,000) $120,100 $ 31,100 69,000 20,000 $120,100 Wiemers's 2017 income statement 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. (1) Asset turnover. (b) Acid-test ratio. (g) Return on assets. (c) Accounts receivable turnover. (h) Return on common stockholders' equity. (d) Inventory turnover (i) Debt to assets ratio. (e) Profit margin