Solution-Compute the Hulkster return on shareholders equity

Compute the Hulkster return on shareholders equity

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Reference no: EM132590886

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

	2021	2020
Accounts receivable	$58,000	$45,000
Merchandise inventory	37,000	53,000
Net sales	236,900	231,000
Cost of goods sold	132,000	117,000
Total assets	443,000	414,000
Total shareholders' equity	258,000	234,000
Net income	46,000	37,000

Compute the Hulkster's 2021 return on shareholders' equity?

a. 19.4%.

b. 18.7%.

c. 17.4%.

d. 9.4%.

Reference no: EM132590886

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Compute the Hulkster return on shareholders equity

Reference no: EM132590886

Reference no: EM132590886

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