MC Qu. 117 Excerpts from Hulkster Company's... Excerpts from Hulkster Company's December 31, 2018 and 2017, financial statements are presented below: Accounts receivable Merchandise inventory Net sales Cost of goods sold Total assets Total shareholders' equity Net income 2018 $ 50,000 33,000 263,900 124,000 435,000 250,000 40,000 2017 $ 41,000 45,000 250,000 113,000 410,000 230,000 33,000 Hulkster's 2018 average collection period is: Multiple Choice 63 days O 122 days 126 days 120 days.