ACC 560 MART Motivated Minds/acc560mart.com ACC 560 MART Motivated Minds/acc560mart.com | Page 72

$345,000
$320,000
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
Cash
3,700
Accounts receivable (net)
23,400
2017 2016
$ $
4,300
21,200