This is part a and b please answer both Excerpts from TPX Company's December 31, 2021 and 2020, financial statements are presented below:20212020$ 88,000 $ 70,00076,000Accounts receivableInventoryNet sales (all credit)93,000510,000380,000Cost of goods sold257,000223,000Total assets805,000760,000Total stockholders' equity510,000445,000Net income77,00056,000TPX Company's 2021 receivables turnover ratio is: (Round your answer to 1 decimal place.)Multiple Choice1.1 times.6.5 times. Excerpts from TPX Company's December 31, 2021 and 2020, financial statements are presented below:20212020Accounts receivable$ 82,000 $ 81,000InventoryNet sales (all credit)Cost of goods sold92,00073,000410,000373,000262,000221,000Total assets805,000790,000Total stockholders' equity510, 000435,000Net income72,00050,000TPX Company's 2021 inventory turnover is: (Round your answer to 1 decimal place.)Multiple Choice2.8 times.3.2 times.

Inventory turnover for 2021= COGS in 2021/average inventory Where, Average inventory =…

Excerpts from TPX Company's December 31, 2021 and 2020, financial statements are presented below: 2021 2020 Accounts receivable $ 82,000 $ 81,000 Inventory Net sales (al1 credit) Cost of goods sold 92,000 73,000 410, е00 373,000 262,000 221,000 Total assets 805,000 790,000 Total stockholders' equity 510, 000 435,000 Net income 72,000 50,000 TPX Company's 2021 inventory turnover is: (Round your answer to 1 decimal place.) Multiple Choice 2.8 times. 3.2 times.