ACC 560 MART Great Stories /acc560mart.com ACC 560 MART Great Stories /acc560mart.com | Page 63

a. Current ratio.
b. Acid-test ratio.
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
2017
2016
Cash
$ 3,700
$
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
(15,000)
(10,000)