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29. velue 5.00 points MC Qu. 103 Excerpts from Stealth Company's December 3... Excerpts from Stealth Company's December 31, 2018 and 2017, financial statements are
29. velue 5.00 points MC Qu. 103 Excerpts from Stealth Company's December 3... Excerpts from Stealth Company's December 31, 2018 and 2017, financial statements are presented below: Accounts receivable Inventory Net sales Cost of goods sold Total assets Total stockholders' equity Net income 2018 $40,000 28,000 190,000 114,000 425,000 240,000 32,500 2017 $36,000 35,000 186,000 108,000 405,000 225,000 28,000 Stealth Company's 2018 asset turnover is (rounded to one decimal place) 3.7 times. O 2.8 times. O 2.2 times. O 0.5 times. value: 5.00 points MC Qu. 102 Excerpts from Stealth Company's December 31, 2018 and 2. Excerpts from Stealth Company's December 31, 2018 and 2017, financial statements are presented below: Accounts receivable Inventory Net sales Cost of goods sold Total assets Total stockholders' equity Net income 2018 $40,000 28,000 190,000 114,000 425,000 240,000 32,500 2017 $36,000 35,000 186,000 108,000 405,000 225,000 28,000 Stealth Company's 2018 profit margin is (rounded to one decimal place): o 13.5%. 7.6%. 4.5%
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