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Wiemers Corporation's comparative balance sheets are presented below. WIEMERS CORPORATION Balance Sheets December 31 2017 2016 Cash $ 4,100 $ 4,100 Accounts receivable (net) 20,900
Wiemers Corporation's comparative balance sheets are presented below. WIEMERS CORPORATION Balance Sheets December 31 2017 2016 Cash $ 4,100 $ 4,100 Accounts receivable (net) 20,900 23,200 Inventory 10,400 7,500 Land 19,900 26,000 Buildings 69,500 69,500 Accumulated depreciation-buildings (14,700) (10,400) Total $110,100 $119,900 Accounts payable $ 12,300 $ 31,600 Common stock 74,500 70,500 Retained earnings 23,300 17,800 Total $110,100 $119,900 Wiemers's 2017 income statement included net sales of $109,000, cost of goods sold of $59,500, and net income of $14,300. Compute the following ratios for 2017. (Round answers to 2 decimal places, e.g. 1.65, or 1.65%.) Current ratio :1 Acid-test ratio :1 Accounts receivable turnover times Inventory turnover times Profit margin % Asset turnover times Return on assets % Return on common stockholders' equity % Debt to assets ratio %
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