Wiemers Corporation's comparative balance sheets are presented below.

Wiemers's 2020 income statement included net sales of $100,000, cost of goods sold of $60,000, and net income of $15,000.

Instructions

Compute the following ratios at 2020.

1. Current ratio.
2. Acid-test Ratio
3. Accounts Receivables turnover.
4. Inventory turnover.
5. Profit margin.
6. Asset turnover.
7. Return on assets.
8. Return on common stockholders' equity.
9. Debt to total assets.

Solution