Q4.

Excerpts from Stealth Company's December 31, 2021 and 2020, financial statements are presented below:

		2021		2020
Accounts receivable	$	29,500	$	45,000
Inventory		28,000		39,000
Net sales (all credit)		199,000		199,000
Cost of goods sold		122,000		114,000
Total assets		428,000		419,000
Total stockholders' equity		248,000		230,000
Net income		36,500		39,000

Stealth Company's 2021 receivables turnover ratio is:

Multiple Choice

• 4.14 times.

• 5.34 times.

• 14.51 times.

• 6.75 times.