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Excerpts from Hulkster Company's December 31, 2021 and 2020, financial statements are presented below: 2021 Accounts receivable $ 42,000 Merchandise inventory 29,000 Net sales 213,300

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Excerpts from Hulkster Company's December 31, 2021 and 2020, financial statements are presented below: 2021 Accounts receivable $ 42,000 Merchandise inventory 29,000 Net sales 213,300 Cost of goods sold 116,000 Total assets 427,000 Total shareholders' equity 242,000 Net income 34,000 2020 $ 37,000 37,000 200,000 109,000 406,000 226,000 29,000 Hulkster's 2021 asset turnover is: (Round your answer to 2 decimal places.) Multiple Choice o o o c

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