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Missoula Inc. reported the following selected financial statement data: Cash Accounts receivable (net) Inventory Plant assets (net) Total assets Liabilities Shareholders' equity Net sales Cost
Missoula Inc. reported the following selected financial statement data: Cash Accounts receivable (net) Inventory Plant assets (net) Total assets Liabilities Shareholders' equity Net sales Cost of goods sold Net income Dec 31, 2020 $ 32,000 50,000 70,000 212, eee 411, 880 147,000 264, eee 342,000 222,eee 22,880 Dec 31, 2021 $ 35,00 56,000 74,000 222,000 399, eee 147,000 252, see 424, eee 284, eee 29,000 Required: Compute the receivables turnover ratio for 2021. Receivables turnover ratio
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