Question: 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

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

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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