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5 Excerpts from Stealth Company's December 31, 2021 and 2020, financial statements are presented below: Accounts receivable Inventory 00:24:06 Net sales 2021 $ 48,000 2020
5 Excerpts from Stealth Company's December 31, 2021 and 2020, financial statements are presented below: Accounts receivable Inventory 00:24:06 Net sales 2021 $ 48,000 2020 $ 47,000 22,000 40,000 196,000 197,000 Cost of goods sold 121,000 111,000 Total assets 432,000 416,000 Total stockholders' equity 247,000 232,000 Net income Print 37,500 36,000 Stealth Company's 2021 inventory turnover is: (Round your answer to 2 decimal places.) Multiple Choice 3.90 times. 8.93 times. 5.50 times. 6.32 times
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