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Use the following information to answer the next ten questions: Excerpts from Stealth Company's December 31, 2019 and 2018, financial statements are presented below: 2019
Use the following information to answer the next ten questions: Excerpts from Stealth Company's December 31, 2019 and 2018, financial statements are presented below: 2019 2018 S 36,000 35,000 186,000 108,000 405,000 225,000 28,000 $ 40,000 Accounts receivable Inventory Net sales Cost of goods sold Total assets 28,000 190,000 114,000 425,000 240,000 32,500 Total stockholders' equity Net income QUESTION 5 Refer to the posted Chapter 12 quiz for excerpts from the Stealth Company's December 31, 2019 and 2018 financial statements. Use those financial statement numbers to answer questions 5- 14. For this first question: Stealth Company's 2019 receivables turnover is a. 2.85 b. 4.70 C. 5.00 d. 10.63 QUESTION 6 Stealth Company's 2019 average collection period is: a. 73 days b. 104 days C. 109 days d. 128 days QUESTION 7 Stealth Company's 2019 inventory turnover is: a. 3.62 times b. 3.96 times C. 4.07 times d. 6.03 times QUESTION 8 Stealth Company's 2019 average days in inventory is: a. 60.5 b. 92.2 C. 100.8 d. 89.7 QUESTION 9 Stealth Company's 2019 debt to equity ratio is: a. 77.1% b. 80.0% C. 40.0% d. 60.0%
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