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Excerpts from Hulkster Company's December 31, 2021 and 2020, financial statements are presented below: Accounts receivable Merchandise inventory Net sales Cost of goods sold Total
Excerpts from Hulkster Company's December 31, 2021 and 2020, financial statements are presented below: Accounts receivable Merchandise inventory Net sales Cost of goods sold Total assets Total shareholders' equity Net income 2021 $ 68,000 42,000 259,600 142,000 453,000 268,000 53,500 2020 $ 50,000 63,000 245,000 122,000 419,000 239,000 42,000 Hulkster's 2021 inventory turnover is: (Round your answer to 2 decimal places.) Multiple Choice 2.70. 3.31 3.38. 4.94
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