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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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