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Excerpts from Hulkster Company's December 31, 2021 and 2020, financial statements are presented below: 2021 Accounts receivable $ 72,000 Merchandise inventory 44,000 Net sales 285,200
Excerpts from Hulkster Company's December 31, 2021 and 2020, financial statements are presented below: 2021 Accounts receivable $ 72,000 Merchandise inventory 44,000 Net sales 285,200 Cost of goods sold 146,000 Total assets 457,000 Total shareholders' equity 272,000 Net income 56,500 2020 $ 52,000 67,000 270,000 124,000 421,000 241,000 44,000 Hulkster's 2021 asset turnover is: (Round your answer to 2 decimal places.) Multiple Choice 3.13. 2.46. 2.15. 0.65
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