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1133.Excerpts from TPX Company's December 31, 2021 and 2020, financial statements are presented below: 2021 2020 Accounts receivable $ 85,000 $ 78,000 Inventory 90,000 78,000
1133.Excerpts from TPX Company's December 31, 2021 and 2020, financial statements are presented below:
2021 | 2020 | ||||
Accounts receivable | $ | 85,000 | $ | 78,000 | |
Inventory | 90,000 | 78,000 | |||
Net sales | 420,000 | 380,000 | |||
Cost of goods sold | 257,000 | 221,000 | |||
Total assets | 830,000 | 765,000 | |||
Total stockholders' equity | 475,000 | 450,000 | |||
Net income | 79,000 | 58,000 | |||
TPX Company's 2021 return on assets is: (Round your answer to 1 decimal place.)
Multiple Choice
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A.9.9%.
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B.0.3%.
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C.9.5%.
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D.1.4%.
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