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Wiemers Corporations comparative balance sheets are presented below. WIEMERS CORPORATION Balance Sheets December 31 2017 2016 Cash $ 4,800 $ 3,900 Accounts receivable (net) 21,300

Wiemers Corporations comparative balance sheets are presented below.

WIEMERS CORPORATION Balance Sheets December 31

2017

2016

Cash

$ 4,800 $ 3,900

Accounts receivable (net)

21,300 23,100

Inventory

10,300 7,500

Land

20,000 25,700

Buildings

69,600 69,600

Accumulated depreciationbuildings

(15,100 ) (10,000 )

Total

$110,900 $119,800

Accounts payable

$ 11,800 $ 31,200

Common stock

75,000 69,600

Retained earnings

24,100 19,000

Total

$110,900 $119,800

Wiemerss 2017 income statement included net sales of $117,000, cost of goods sold of $60,400, and net income of $14,700. Compute the following ratios for 2017.

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