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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 $ 86,000 $ 68,000 87,000 80,000 490,000 385,000 263,000 224,000 810,000 785,000 500,000 450,000 76,000 54,000 TPX Company's 2021 receivables turnover ratio is: (Round your answer to 1 decimal place.) Multiple Choice O 6.4 times. 5.7 times. 0.2 times. 1.1 times. 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 $ 82,000 $ 80,000 85,000 75,000 450,000 373,000 256,000 220,000 850,000 755,000 470,000 450,000 76,000 57,000 TPX Company's 2021 inventory turnover is: (Round your answer to 1 decimal place.) Multiple Choice O 3.0 times. 5.3 times. 3.2 times. 5.6 times. Excerpts from TPX Company's December 31, 2021 and 2020, financial statements are presented below: Accounts receivable Inventory Net sales Cost of goods sold Total assets Total stockholders' equity Net income 2021 2020 $ 47,000 $ 38,000 29,000 45,000 195,000 190,000 125,000 119,000 427,000 419,000 248,000 235,000 37,000 30,000 TPX Company's 2021 debt to equity ratio is: Multiple Choice 72.18% 8.75% O 14.9 30.33%
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