Excerpts from Hulkster Company's December 31, 2021 and 2020, financial statements are presented below. 2021 2020 Accounts receivable Net sales $ 46,000 $ 39,000 Merchandise inventory 31,000 41,000 212,500 206,000 Cost of goods sold 120,000 111,000 Total assets 431,000 408,000 Total shareholders' equity Net income 246,000 228,000 37,000 31,000 Hulkster's 2021 asset turnover is: (Round your answer to 2 decimal places.) Multiple Choice 2.21. 3.59 0.51 276