$ 320,000
$ 345,000
Instructions Compute the following ratios at December 31, 2017. 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
Accounts receivable( net) 21,200 23,400