Excerpts from Stealth Company's December 31, 2021 and 2020, financial statements are presented below: Accounts...
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Accounting
Excerpts from Stealth 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 $ 30,000 $ 42,000 34,000 44,000 192,000 191,000 119,000 115,000 428,000 411,000 241,000 233,000 33,500 36,000 Stealth Company's 2021 receivables turnover ratio is: Multiple Choice 6.38 times. 5.33 times. 14.27 times. 3.97 times
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