1147.Excerpts from TPX Company's December 31, 2021 and 2020, financial statements are presented below:

		2021			2020
Accounts receivable	$	87,000		$	83,000
Inventory		94,000			78,000
Net sales		480,000			376,000
Cost of goods sold		256,000			221,000
Total assets		805,000			775,000
Total stockholders' equity		495,000			415,000
Net income		79,000			52,000

TPX Company's 2021 return on equity is: (Round your answer to 1 decimal place.)

Multiple Choice

• A.16.0%.

• B.3.0%.

• C.17.4%.

• D.1.4%.