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Your answer is partially correct. Try again. Wiemers Corporation's comparative balance sheets are presented below. WIEMERS CORPORATION Balance Sheets December 31 2017 Cash $ 4,600

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Your answer is partially correct. Try again. Wiemers Corporation's comparative balance sheets are presented below. WIEMERS CORPORATION Balance Sheets December 31 2017 Cash $ 4,600 Accounts receivable (net) 20,700 Inventory 10,100 Land 20,000 Buildings 69,500 Accumulated depreciation-buildings (15,400) Total $109,500 Accounts payable $ 12,500 Common stock 75,800 Retained earnings 21,200 Total $109,500 2016 $ 4,200 23,800 7,300 26,000 69,500 (11,000) $119,800 $ 31,300 68,800 19,700 $119,800 Wiemers's 2017 income statement included net sales of $108,000, cost of goods sold of $61,000, and net income of $14,100. Compute the following ratios for 2017. (Round answers to 2 decimal places, e.g. 1.65, or 1.65%.) RCES Wiemers's 2017 Income statement included net sales of $108,000, cost of goods sold of $61,000, and net income of $14,100. Compute the following ratios for 2017. (Round answers to 2 decimal places, e.g. 1.65, or 1.65%.) Current ratio 2.83 : 1 Acid-test ratio 2.02:1 tudy Accounts receivable turnover 4.85 times Inventory turnover 7.01 times Profit margin 23.06% Asset turnover 1.01 times X Return on assets 12.88 % Return on common stockholders' equity 14:54 Debt to assets ratio 11.4296

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