This is part a and b please answer both HelpExcerpts from Stealth Company's December 31, 2021 and 2020, financial statements are presented below:20212020Accounts receivable$ 40,000 $ 36,000Inventory28,00035,000Net sales190,000186,000Cost of goods sold114,000108,000Total assets425,000405,000Total stockholders' equity240,000225,000Net income32,50028,000Stealth Company's 2021 average days in inventory is: (Round your intermediate calculations to 2 decimal places and final answer to 1 decimal place.)Multiple Choice60.5 days.92.2 days. Richard's Sporting Goods reports net income of $100,000, net sales of $620,000, and average assets of $1,760,000. The asset turnover is:Multiple Choice2.8 times.17.6 times.01 times.04 times.

Inventory turnover = Cost of goods sold / Average inventory where, Average inventory = (Beginning…

Excerpts from Stealth Company's December 31, 2021 and 2020, financial statements are presented below: 2021 2020 Accounts receivable $ 40,000 $ 36,000 Inventory 28,000 35,000 Net sales 190,000 186,000 Cost of goods sold Total assets 114,000 108,000 405,000 425,000 Total stockholders' equity 240,000 225,000 Net income 32,500 28,000