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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 $ 29,500 $ 43,000 34,000 40,000 192,000 192,000 118,000 113,000 436,000 416,000 248,000 228,000 39,000 31,000 Stealth Company's 2021 receivables turnover ratio is: Multiple Choice O 651 times 400 times 5 30 times 147 times
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