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Excerpts from TPX Company's December 31, 2021 and 2020, financial statements are presented below: Accounts receivable Inventory Net sales (all credit) Cost of goods sold
Excerpts from TPX Company's December 31, 2021 and 2020, financial statements are presented below: Accounts receivable Inventory Net sales (all credit) Cost of goods sold Total assets Total stockholders' equity Net income 2021 2020 $ 89,000 $ 71,000 88,000 71,000 450,000 1 374,000 265,000 224,000 840,000 760,000 485,000 440,000 73,000 51,800 TPX Company's 2021 receivables turnover ratio is: (Round your answer to 1 decimal place.) Multiple Choice 5.6 times 51 times Excerpts from Stealth 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 $ 48,000 $ 44,000 22,000 42,000 196,000 198,000 120,000 113,000 430,000 417,000 247,000 228,000 35,000 34,000 Stealth Company's 2021 inventory turnover is: (Round your answer to 2 decimal places.) Multiple Choice 5.45 times 612 times
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