M Gmail YOL Help Save & Exit Submit Saved Chapter 1, 2, 3 and 4 MC Qu. 114 Excerpts from Hulkster Company's... Excerpts from Hulkster Company's December 31, 2018 and 2017, financial statements are presented below: Accounts receivable Merchandise inventory Net sales Cost of goods sold Total assets Total shareholders' equity Net income 2018 $ 80,000 48,000 340,000 154,000 465,000 280,000 62,500 2017 $ 56,000 75,000 328,000 128,000 425,000 245,000 48,000 Hulkster's 2018 receivables turnover is: (Round your answer to 2 decimal places.) Multiple Choice 1.93 4.13 5.00 5.81