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Excerpts from Hulkster Company's December...

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Accounting

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Excerpts from Hulkster Company's December 31, 2018 and 2017, financial statements are presented below: 2 3 5 6 > 2 B 9 Accounts receivable Merchandise inventory Net sales Cost of goods sold Total assets Total shareholders equity Net income 2018 $ 40,000 $ 28,000 190,000 114,000 425,000 240,000 32,500 2017 $ 36,000 35,000 186,000 108,000 405,000 225,000 28,eee 10 Hulkster's 2018 profit margin is (rounded): 17.1% 13.5% 7.6% 4.5%

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