ACC 560 MART Education Terms/acc560mart.com ACC 560 MART Education Terms/acc560mart.com | Page 62

c. Accounts receivable turnover.
d. Inventory turnover.
E14-11
Wiemers Corporation's comparative balance sheets are presented on
the next page.
WIEMERS CORPORATION
Balance Sheets
December 31

Cash
3,700

2017

2016

$

$

4,300

Accounts receivable (net)
23,400

21,200

Inventory
7,000

10,000

Land
26,000

20,000

Buildings
70,000

70,000

Accumulated depreciation—buildings
(10,000)
Total
$120,100

(15,000)
$110,500