Excerpts from Hulkster Company's December 31, 2021 and 2020, financial statements are presented below: Accounts...
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Accounting
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 $ 46,000 31,000 212,500 120,000 431,000 246,000 37,000 2020 $ 39,000 41,000 206,000 111,000 408,000 228,000 31,000 Hulkster's 20 receivables turnover is: (Round your answer to 2 decimal places.) Multiple Choice 5.00 2.61
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