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Excerpts from Stealth Company's December 31, 2021 and 2020, financial statements are presented below: 2021 2020Accounts receivable$30,000$38,000Inventory 31,000 40,000Net sales (all credit) 196,000 194,000Cost of
Excerpts from Stealth Company's December 31, 2021 and 2020, financial statements are presented below:
2021 2020Accounts receivable$30,000$38,000Inventory 31,000 40,000Net sales (all credit) 196,000 194,000Cost of goods sold 122,000 111,000Total assets 434,000 419,000Total stockholders' equity 244,000 233,000Net income 35,000 32,000Stealth Company's 2021 receivables turnover ratio is:
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