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Excerpts from Hulkster Company's December 31, 2024 and 2023, financial statements are presented below: 2024 2023 Accounts receivable $ 50,000 $ 41,000 Merchandise inventory 33,000
Excerpts from Hulkster Company's December 31, 2024 and 2023, financial statements are presented below: 2024 2023 Accounts receivable $ 50,000 $ 41,000 Merchandise inventory 33,000 45,000 Net sales 265,900 250,000 Cost of goods sold 124,000 113,000 Total assets 435,000 410,000 Total shareholders' equity 250,000 230,000 Net income 40,000 33,000 Hulkster's 2024 return on shareholders equity is closest to: Multiple Choice 15.2%. 8.4%. 16.7%. 15.0%
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