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Excerpts from Hulkster Company's December 31, 2021 and 2020, financial statements are presented Accounts receivable 2021 $ 50,000 2020 $ 41,000 Merchandise inventory 33,000 45,000
Excerpts from Hulkster Company's December 31, 2021 and 2020, financial statements are presented Accounts receivable 2021 $ 50,000 2020 $ 41,000 Merchandise inventory 33,000 45,000 Net sales 263,900 250,000 Cost of goods sold 124,000 113,000 Total assets 435,000 410,000 Total shareholders' equity 250,000 230,000 Net income 40,000 33,000 Hulkster's 2021 receivables turnover is: (Round your answer to 2 decimal places.) Multiple Choice 2.48. 5.04. 5.80. E Hulkster's 2021 receivables turnover is: (Round your answer to 2 decimal places.) Multiple Choice 2.48. 5.04. 5.80. 8.70. Lucia Ltd. reported net income of $136,000 for the year ended December 31, 2021. January 1 balances in accounts receivable and accounts payable were $28,900 and $27,800, respectively. Year-end balances in these accounts were $31,600 and $22,500, respectively. Assuming that all relevant. Information has been presented, Lucia's cash flows from operating activities would be: Lucia Ltd. reported net income of $136,000 for the year ended December 31 202 were $28,900 and $27,800, respectively. Year-end balances in these accounts W information has been presented, Lucia's cash flows from operating activities woul Multiple Choice $144,000. O $75,500. $138,700. $128,000. Lucia Ltd. reported net income of $136,000 for the year ended December 31, 2021. January 1 balances in accounts receivable and a were $28,900 and $27,800, respectively. Year-end balances in these accounts were $31,600 and $22,500, respectively. Assuming information has been presented, Lucia's cash flows from operating activities would be: Multiple Choice $144,000. $75,500. $138,700. $128,000
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