Question
Excerpts from Hulkster Company's December 31, 2021 and 2020, financial statements are presented below: 20212020Accounts receivable$58,000$45,000Merchandise inventory37,00053,000Net sales236,900231,000Cost of goods sold132,000117,000Total assets443,000414,000Total shareholders' equity258,000234,000Net income46,00037,000
Excerpts from Hulkster Company's December 31, 2021 and 2020, financial statements are presented below:
20212020Accounts receivable$58,000$45,000Merchandise inventory37,00053,000Net sales236,900231,000Cost of goods sold132,000117,000Total assets443,000414,000Total shareholders' equity258,000234,000Net income46,00037,000
Hulkster's 2021 return on shareholders' equity is:(Round your answer to 1 decimal places.)
Multiple Choice
- 19.4%.
- 18.7%.
- 17.4%.
- 9.4%.
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Accounting Chapters 14-26
Authors: Carl Warren
27th Edition
1337272116, 978-1337272117
