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Excerpts from TPX 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 TPX 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 $ 89,000 $ 74,000 85,000 74,000 420,000 380,000 263,000 221,000 850,000 755,000 485,000 440,000 77,000 54,000 TPX Company's 2021 receivables turnover ratio is: (Round your answer to 1 decimal place) Multiple Choice 47 times
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