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Current Attempt in Progress Wildhorse Manufacturing Company reported net sales (all credit) of $131,000 and $150,975 for 2020 and 2021, respectively and net income of
Current Attempt in Progress Wildhorse Manufacturing Company reported net sales (all credit) of $131,000 and $150,975 for 2020 and 2021, respectively and net income of $35,000 and $43,000 for 2020 and 2021, respectively. Wildhorse's 2020 and 2021 balance sheets appear below: Your answer is correct. Calculate the accounts receivable turnover for 2021. (Round answer to 2 decimal places, e.g. 52.75.) Accounts receivable turnover times eTextbook and Media c) Calculate the debt ratio for 2021. (Round answer to 2 decimal places, e.g. 52.75.) Debt ratio % eTextbook and Media
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