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Determine the Hulkster receivables turnover

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Reference no: EM132850451

Question - Excerpts from Hulkster Company's December 31, 2021 and 2020, financial statements are presented below:

 

2021

2020

Accounts receivable

$54,000

$43,000

Merchandise inventory

35,000

49,000

Net sales

194,000

185,000

Cost of goods sold

128,000

115,000

Total assets

439,000

412,000

Total shareholders' equity

254,000

232,000

Net income

43,000

35,000

Required - Determine the Hulkster's 2021 receivables turnover?

Reference no: EM132850451

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