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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 2021 2020 $ 29,500 $ 46,000 34,000 46,000 199,000 200,000 122,000 118,000 435,000 407,000 Total stockholders' equity Net income 242,000 226,000 35,000 31,000 Stealth Company's 2021 receivables turnover ratio is: Multiple Choice 5.27 times. 14.75 times. 6.76 times. 4.14 times
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