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Excerpts from Hulkster Company's December 31, 2018 and 2017, financial statements are presented below: 2018 2017 Accounts receivable $ 68,000 $ 50,000 Merchandise inventory 42,000

Excerpts from Hulkster Company's December 31, 2018 and 2017, financial statements are presented below:

2018 2017
Accounts receivable $ 68,000 $ 50,000
Merchandise inventory 42,000 63,000
Net sales 259,600 245,000
Cost of goods sold 142,000 122,000
Total assets 453,000 419,000
Total shareholders' equity 268,000 239,000
Net income 53,500 42,000

Hulkster's 2018 return on shareholders equity is: (Round your answer to 1 decimal places.)

Multiple Choice

20.6%.

21.1%.

20.2%.

10.7%

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