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Excerpts from Stealth Company's December 31, 2018 and 2017, financial statements are presented below: 2018 2017 Accounts receivable $41,000 $38,000 Inventory 32,000 45,000 Net sales
Excerpts from Stealth Company's December 31, 2018 and 2017, financial statements are presented below:
2018 | 2017 | |
Accounts receivable | $41,000 | $38,000 |
Inventory | 32,000 | 45,000 |
Net sales | 191,000 | 188,000 |
Cost of goods sold | 116,000 | 116,000 |
Total assets | 430,000 | 412,000 |
Total stockholders' equity | 241,000 | 234,000 |
Net income | 40,000 | 31,000 |
Stealth Company's 2018 debt to equity ratio is:
58.5%.
37.2%.
78.4%.
95.4%.
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