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11Excerpts from Stealth Company's December 31, 2021 and 2020, financial statements are presented below: 2021 2020 Accounts receivable $ 41,000 $ 42,000 Inventory 21,000 42,000

11Excerpts from Stealth Company's December 31, 2021 and 2020, financial statements are presented below:

2021

2020

Accounts receivable

$

41,000

$

42,000

Inventory

21,000

42,000

Net sales

193,000

188,000

Cost of goods sold

123,000

119,000

Total assets

433,000

419,000

Total stockholders' equity

246,000

231,000

Net income

33,000

38,000

Stealth Company's 2021 inventory turnover is: (Round your answer to 2 decimal places.)

Multiple Choice

  • A)6.13 times.
  • B)5.86 times.
  • C)3.90 times.
  • D)9.07 times.

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