Calculate the wiemers 2014 income statement

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Reference no: EM13320307

WIEMERS CORPORATION Balance Sheets December 31
	2014		2013
Cash	$ 4,300		$ 3,700
Accounts receivable (net)	21,200		23,400
Inventory	10,000		7,000
Land	20,000		26,000
Buildings	70,000		70,000
Accumulated depreciation-buildings	(15,000	)	(10,000	)
Total	$110,500		$120,100
Accounts payable	$ 12,370		$ 31,100
Common stock	75,000		69,000
Retained earnings	23,130		20,000
Total	$110,500		$120,100

Wiemers's 2014 income statement included net sales of $100,000, cost of goods sold of $60,000, and net income of $15,000.

Compute the following ratios for 2014. (Round answers to 2 decimal places, e.g. 1.64, or 1.64% .)

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			%

Reference no: EM13320307

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