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
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76.5%.
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59.5%.
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93.3%.
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43.8%.
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