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Wiemers Corporations comparative balance sheets are presented below. Exercise 14-11 Wiemers Corporation's comparative balance sheets are presented below. WIEM TION Balance Sheets December 31 2017
Wiemers Corporations comparative balance sheets are presented below.
Exercise 14-11 Wiemers Corporation's comparative balance sheets are presented below. WIEM TION Balance Sheets December 31 2017 2016 $3,700 20,900 3,700 Cash Accounts receivable (net) ntory Land 23 3,500 25,800 70,100 (10,300) $120,100 19,700 70,100 (14,800) $109,900 $12,700 74,900 Buildings Accumulated depreciation-buildings Total Accounts payable Common stock 30,800 68,000 Ret earnings aed $120.100 $109,900 Total Wiemers's 2017 income statement included net sales of $101,000, cost of goods sold of $59,400, and net income of $15,600. Compute the following ratios for 2017. (Round Debt to assets ratio to decimal place, e.g. 1.6, or 1. 6% and all other answers to 2 decimal places, e.g. 1.65, or 1.65% .) (a) Current ratio :1 (b) Acid-test ratio :1 (c) Accounts receivable turnover times (d) Inventory turnover times (e) Profit margin (f) Asset turnover times (g) Return on assets % (h) Return on common stockholders' equity (i) Debt to assets ratioStep by Step Solution
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