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63 Excerpts from TPX Company's December 31, 2021 and 2020, financial statements are presented below: Accounts receivable Inventory Net sales (all credit) Cost of goods
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Excerpts from TPX Company's December 31, 2021 and 2020, financial statements are presented below: Accounts receivable Inventory Net sales (all credit) Cost of goods sold Total assets Total stockholders' equity Net income 2021 $ 80,000 84,000 400,000 254,000 850,000 500,000 75,000 2020 $ 72,000 70,000 372,000 216,000 810,000 450,000 56,000 TPX Company's 2021 inventory turnover is: (Round your answer to 1 decimal place.) Multiple Choice 0 5.2 times 0 3.0 times. O 3.6 times 0 3.3 timesStep by Step Solution
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