Wiemers Corporation?s comparative balance sheets are presented below.

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.

m' WileyPLUS x u Homework Help Q&Al x 6 ) C' 6 Secure \\ https://edugendwileyplus.com/edugen/lti/mainuni Apps D Google my.UIC @ Pearson El ISSIGNMENY RESOURCES 5 9 Exercise 14-11 Homelands WIemers Corporatlon's comperatlve balance sheets are presented below. Exerc'g 1473 (Pgrt v I mi i WIEMERS communion E \"-52 471 (Em aalance sheets v I ml l n December 31 \"mm 1;;- Cash 2:31:00 2:31:00 Accounts recelvable (net) 21,400 23,400 \"\"59 '4' 1 Inventory 10,500 5,900 . Land 20,200 25.300 W Bulldlngs 70,500 70,500 MW Accumulated depreclatlonbulldlngs (14,500) (10,500) m Total $111,500 $119,500 Accounts payable 5 12,700 5 30,500 common stock 75,100 70,500 Retalned earnlngs 23,700 18,700 Total 111 500 115 800 WIemers's 2017 Income statement Included net sales of $117,000, cost of goods sold or $61,000, and net Income of $14,200. compute the followlng ratlos for 2017. (Round Debt to assets ratlo to 1 decimal place, e.g. 1.6, or 1.5% and all other answers to 2 decimal places, e.g. 1.65, or 1.55% .) (a) current ratlo :1 (b) Acld-test ratlo :1 (c) Accounts recelvable turnover tlmes (d) Inventory turnover tlmes (e) Prot margln \"/0 (r) Asset turnover times (5) Return on assets \"/0 (n) Return on common stockholders' equity no (i) Debt to assets ratlo n/a um m 190' https://edugen.wi|eyplus.com/edugen/shared/assignment/test/agstunid=a5nmt1730016#N1OOBA Ej Weygandt_FinMan_..,,xls A Packback Blackboard II VouTube fly PayLease D CengageBrain-Logll @ 5: Database Process'll M WileyPLUS u (4)Accountlng Projer Question Attempts: o of 3 used mumm version 1 not NEXT} save Fox um: suumr ANSWER 1:27 PM 7"\"9l2l