Excerpts from Hulkster Company's December 31, 2021 and 2020, financial statements are presented below 2021 2020 Accounts receivable Merchandise inventory $ 70,000 $ 51,000 43,000 65,000 Net sales 375,100 360, eee Cost of goods sold Total assets Total shareholders' equity 144,eee 455,e00 123,000 420,000 270, 000 55,e00 240, eee Net income 43,e00 Hulkster's 2021 profit margin is (rounded): (Round your answer to 1 decimal places.)

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Excerpts from Hulkster Company's December 31, 2021 and 2020, financial statements are presented below
02
2021
2020
$ 51,000
65,eee
360,000
Accounts receivable
$ 70,000
Merchandise inventory
Net sales
43, eee
375,100
Cost of goods sold
Total assets
144, e0e
455,eee
123,000
420, ee0
Total shareholders' equity
270, e00
240, eee
Net income
55, eee
43,e00
Hulkster's 2021 profit margin is (rounded): (Round your answer to 1 decimal places.)
Transcribed Image Text:Excerpts from Hulkster Company's December 31, 2021 and 2020, financial statements are presented below 02 2021 2020 $ 51,000 65,eee 360,000 Accounts receivable $ 70,000 Merchandise inventory Net sales 43, eee 375,100 Cost of goods sold Total assets 144, e0e 455,eee 123,000 420, ee0 Total shareholders' equity 270, e00 240, eee Net income 55, eee 43,e00 Hulkster's 2021 profit margin is (rounded): (Round your answer to 1 decimal places.)
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