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

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Accounting

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

2021 2020
Accounts receivable $ 41,000 $ 44,000
Inventory 33,000 41,000
Net sales 195,000 190,000
Cost of goods sold 123,000 113,000
Total assets 436,000 415,000
Total stockholders' equity 247,000 228,000
Net income 37,000 34,000

Stealth Company's 2021 debt to equity ratio is: (Round your answer to 1 decimal place.)

Multiple Choice

  • 76.5%.

  • 59.5%.

  • 93.3%.

  • 43.8%.

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