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Excerpts from Stealth Company's December 31, 20115 and 2014, financial statements are presented below: 2015 2014 $29,500 $42,000 Accounts receivable Inventory 37,000 41,000 197,000 188,000
Excerpts from Stealth Company's December 31, 20115 and 2014, financial statements are presented below: 2015 2014 $29,500 $42,000 Accounts receivable Inventory 37,000 41,000 197,000 188,000 Net sales Cost of goods sold 123,000 118,000 Total assets 426,000 416,000 Total stockholders' equity 249,000 230,000 34.000 36,500 Net income Assuming all the sales are credit sales, what is Stealth Company's 2015 receivables turnover ratio? (Round your answer to 2 decimal places) O 6.53 times O 417 times O 5.51 times O 14.44 times
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