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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

  • A.9.9%.

  • B.0.3%.

  • C.9.5%.

  • D.1.4%.

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