Excerpts from Hulkster Company's December 31, 2021 and 2020, financial statements are presented below 2021 2020 Accounts receivable Merchandise inventory $ 78,000 $ 55,000 73,000 47,000 Net sales 305,900 300,000 Cost of goods sold 152,000 127,000 424,000 244,000 Total assets 463,000 Total shareholders' equity 278,000 Net income 61,000 47,000 Hulkster's 2021 asset turnover is: (Round your answer to 2 decimal places.) Multiple Choice