Wiemers Corporation's comparative balance sheets are presented below. WIEMERS CORPORATION Balance Sheets December 31 2017 2016 Cash Accounts receivable (net) Inventory Land Buildings Accumulated depreciation-buildings Total Accounts payable $ 4,300 21,000 10,100 20,300 70,100 (14,500) $111,300 $ 3,700 23,600 7,300 26,500 70,100 (10,100) $121,100 $ 12,200 Common stock $ 31,500 68,400 21,200 $121,100 74,200 24,900 $111,300 Retained earnings Total Wiemers's 2017 income statement included net sales of $105,000, cost of goods sold of $59,300, and net income of $14,000. Compute the following ratios for 2017. (Round Debt to assets ratio to 1 decimal place, e.g. 1.6 answers to 2 decimal places, e.g. 1.64, or 1.64%.) (a) Current ratio 2.90 :1 (b) Acid-test ratio 2.12 :1 (c) Accounts receivable turnover 4.71 times (d) Inventory turnover 6.82 times (e) Profit margin 13.33 % (f) Asset turnover 0.90 times (g) Return on assets 12.09 % (h) Return on common stockholders' equity 14.13 % (i) Debt to assets ratio 10.96 % e Textbook and Media