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25 Excerpts from Stealth Company's December 31, 2021 and 2020, financial statements are presented below: 2021 2020 $ 40,000 $ 36,000 Accounts receivable Inventory Net
25 Excerpts from Stealth Company's December 31, 2021 and 2020, financial statements are presented below: 2021 2020 $ 40,000 $ 36,000 Accounts receivable Inventory Net sales (all credit) 28,000 190,000 114,000 425, 000 240,000 32,500 35,000 186,000 108,000 eBook Cost of goods sold Total assets 405,000 Total stockholders' equity 225, 000 28,000 Net income Stealth Company's 2021 receivables turnover ratio is: Multiple Choice 2.85 times. 470 times. 5.00 times. 10.63 times
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