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Excerpts from Stealth Company's December 31, 2021 and 2020, financial statements are presented below: Accounts receivable Inventory Net sales (all credit) Cost of goods sold
Excerpts from Stealth 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 2020 $ 30,000 $ 39,000 31,000 43,000 197,000 196,000 122,000 110,000 426,000 407,000 247,000 233,000 38,500 35,000 Stealth Company's 2021 receivables turnover ratio is: Multiple Choice 14.20 times. 4.07 times. 5.71 times. 6.55 times
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