Exercise 18-11 Wiemers Corporations comparative balance sheets are presented below. WIEMERS CORPORATION Balance Sheets December 31 2017 2016 Cash $ 4,300 $ 3,700 Accounts receivable (net) 21,400 23,600 Inventory 10,100 7,100 Land 20,100 25,900 Buildings 70,500 70,500 Accumulated depreciationbuildings (15,500 ) (10,500 ) Total $110,900 $120,300 Accounts payable $ 12,100 $ 31,100 Common stock 74,800 69,200 Retained earnings 24,000 20,000 Total $110,900 $120,300 Wiemerss 2017 income statement included net sales of $103,000, cost of goods sold of $59,100, and net income of $15,100.
*Note for solver (1st number is 2017 2nd number is 2016) Example for cash- 2017: 4,300 2016: 3,700
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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