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Excerpts from TPX Company's December 31, 2018 and 2017, financial statements are presented below: 2018 2017 Accounts receivable $83,000 $80,000 Inventory 89,000 74,000 Net sales

Excerpts from TPX Company's December 31, 2018 and 2017, financial statements are presented below:

2018 2017
Accounts receivable $83,000 $80,000
Inventory 89,000 74,000
Net sales 430,000 384,000
Cost of goods sold 264,000 224,000
Total assets 805,000 790,000
Total stockholders' equity 515,000 420,000
Net income 71,000 59,000

TPX Company's 2018 return on equity is:

13.8%.

15.2%.

3.2%.

1.6%.

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