O 0:31 ces TB MC Qu. 20-68 (Algo) The accounts receivable turnover ratio: The Sleep Company The Sleep Company had the following operating results for 2021-2022. In addition, the company paid dividends in both 2021 and 2022 of $68,400 per year and made capital expenditures in both years of $30,000 per year. The company's stock price in 2021 was $8 and $7 in 2022. The industry average earnings multiple for the mattress industry was 9 in 2022 and the free cash flow and sales multiples were 18 and 1.5, respectively. The company is publicly owned and has 1,600,000 shares of outstanding stock at the end of 2022 Balance Sheet, December 31, 2022 $ 368,000 $ 378,000 $ 278,000 $ 1,024,000 1,360,000 $ 2,384,000 $ 228,000 628,000 1,528,000 $2,384,000 Cash Accounts Receivable Inventory Total Current Assets Long-lived Assets Total Assets Current Liabilities Long-term Debt Shareholder Equity Total Debt and Equity 2021 $ 128,000 $ 428,000 $ 328,000 $884,000 1,380,000 $2,264,000 $ 328,000 528,000 1,408,000 $ 2,264,000

TB MC Qu. 20-68 (Algo) The accounts receivable turnover ratio: The Sleep Compony The Sleep Compary had the following operating results for 20212022 In addition, the company paid dividends in both 2021 and 2022 of $68,400 per year and made capital expenditures in both years of $30,000 per year. The company's stock price in 2021 was $8 and $7 in 2022 The industry average earnings multple for the mattress industry was 9 in 2022 and the free cash flow and sales multiples were 18 and 15 , respectively. The company is publicly owned and has 1,600,000 shares of cutstanding stock at the end of 2022 The accounts receivable turnover ratio for 2022 is (rounded)