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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 $ 62,000 39,000 261,600 136,000 447,000 262,000 49,000 2020 $ 47,000 57,000 251,000 119,000 416,000 236,000 39,000 Hulkster's 2021 asset turnover is: (Round your answer to 2 decimal places.) Multiple Choice 3.29. 2.59. 2.17 0.61
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