Wiemers Corporation's comparative balance sheets are presented below.

Wiemers Corporation

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

Account payable $12,370 $31,100

Common stock 75,000 69,000

Retailed earnings 23,130 20,000

Total $110,500 $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

Instrutions

Compute the following ratios for 2017

(a) Current ratio (f) asset turnover

(b) Acid-test ratio (g) Return on assets

(c) Account receivable turnover (h) Return on common stockholders

(d) Inventory turnover (i) Debt to assets ratio

(e) profit margin