Exercise 14-11 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 $3,500 23,500 7,400 25,500 70,100 (14,600 (10,900) $111,700 $119,100 31,200 69,400 18,500 $111,700 $119,100 $4,100 21,500 10,500 20,100 70,100 Accounts payable Common stock Retained earnings $11,800 74,100 25,800 Wiemers's 2017 income statement included net sales of $102,000, cost of goods sold of $60,900, and net income of $14,900 Compute the following ratios for 2017, (Round answers to 2 decimal places, eg. 1.64, or 1.64% .) Current ratio Acid-test ratio Accounts receivable turnover Inventory turnover Profit margin Asset turnover imes imes imes Return on assets Return on common stockholders' equity Debt to assets ratio
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