The Sleep Company had the following operating results for 2021-2022. In addition, the company paid dividends in both 2021 and 2022 of $60,600 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 1,800,000 shares of outstanding stock at the end of 2022. Balance Sheet, December 31, 2022 Cash $ 342,000 Accounts Receivable $ 352,000 Inventory $ 252,000 Total Current Assets $ 946,000 Long-lived Assets 1,100,000 Total Assets $ 2,046,000 Current Liabilities $ 202,000 Long-term Debt 602,000 Shareholder Equity 1,242,000 Total Debt and Equity $ 2,046,000 2021 $ 102,000 $ 402,000 $ 302,000 $ 806,000 1,120,000 $ 1,926,000 $ 302,000 502,000 1,122,000 $ 1,926,000 TAAMA CAMA fo Add Armba 21 Income Statement, for year ended December 31, 2022 2021 Sales $ 4,760,000 $ 4,510,000 Cost of Sales 4,108,000 4,008,000 Gross Margin 652,000 502,000 Operating Expenses 351,000 401,000 Operating Income 301,000 101,000 Taxes 120,400 40,400 Net Income $ 180,600 $ 60,600 Cash Flow From Operations Net Income Plus Depreciation Expense + Decrease (-increase) in Accounts Receivable and Inventory + Increase (-decrease) in Current Liabilities Cash Flow from Operations 2022 $ 180, 600 50,000 100,000 (-100,000) $ 230,600 The accounts receivable turnover ratio for 2022 is (rounded): O 11.1 O 12.6 O 13.6 14.8 13.4