Excerpts from Stealth Company's December 31, 2013 and 2012, financial statements are presented below: 2013...
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Accounting
Excerpts from Stealth Company's December 31, 2013 and 2012, financial statements are presented below: 2013 2012 Accounts receivable $50,000 $38,000 Inventory 20,000 41,000 Net sales 193,000 192,000 Cost of goods sold 119,000 110,000 Total assets 431,000 410,000 Total stockholders' equity 242,000 228,000 Net income 37,500 31,000 Stealth Company's 2013 inventory turnover is: (Round your answer to 2 decimal places):
9.62 times
6.33 times
3.90 times
5.95 times
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