34.

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

		2021		2020
Accounts receivable	$	29,500	$	42,000
Inventory		38,000		44,000
Net sales (all credit)		193,000		197,000
Cost of goods sold		117,000		112,000
Total assets		430,000		411,000
Total stockholders' equity		249,000		234,000
Net income		37,500		29,000

Stealth Company's 2021 receivables turnover ratio is:

• 5.40 times.

• 14.58 times.

• 3.97 times.

• 6.61 times.