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Wiemers Corporation's comparative balance sheets are presented below. WIEMERS CORPORATION Balance Sheets December 31 Cash 3,400 3,200 Accounts receivable (net) 21,400 23,400 Inventory 10,500 6,900
Wiemers Corporation's comparative balance sheets are presented below. WIEMERS CORPORATION Balance Sheets December 31 Cash 3,400 3,200 Accounts receivable (net) 21,400 23,400 Inventory 10,500 6,900 Land 20,200 26,300 Buildings 70,500 70,500 Accumulated depreciation-buildings 14,500 10,500 Total 111,500 119,800 Accounts payable s 12,700 30,600 Common stock 75,100 70,500 Retained earnings 23,700 18,700 $111,500 $119 800 Total wiemers's 2017 income statement included net sales of $117,000, cost of goods sold of $61,000, and net income of $14,200. Compute the following ratios for 2017. (Round answers to 2 decimalplaces, e.g. 1.65, or 1.65%.)
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