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27) Excerpts from TPX Company's December 31, 2018 and 2017, financial statements are presented below 2017 $80,000$72,000 70,000 400,000372,000 254,000216,000 850,000810,000 500,000 450,000 56,000 2018
27) Excerpts from TPX Company's December 31, 2018 and 2017, financial statements are presented below 2017 $80,000$72,000 70,000 400,000372,000 254,000216,000 850,000810,000 500,000 450,000 56,000 2018 Accounts receivable Inventory Net sales Cost of goods sold Total assets Total stockholders' equity Net income 84,000 75,000 TPX Company's 2018 return on equity is (rounded to one decimal place) A) 16.7% B) 15.0% C) 15.8% D) 21.4%
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