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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
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 $ 80,000 $ 72,000 84,000 70,000 400,000 372,000 254,000 216,000 850,000 810,000 500,000 450,000 75,000 56,000 TPX Company's 2021 asset turnover is: (Round your answer to 1 decimal place.) Multiple Choice 3.7 times 28 times 22 times 05 times
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