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Excerpts from TPX Company's December 31, 2021 and 2020, financial statements are presented below: Accounts receivable Inventory Net sales Cost of goods sold Total assets
Excerpts from TPX Company's December 31, 2021 and 2020, financial statements are presented below: Accounts receivable Inventory Net sales Cost of goods sold Total assets Total stockholders' equity Net income 2021 $ 86,000 89,000 480,000 256,000 820,000 480,000 74,000 2020 $ 77,000 74,000 373,000 223,000 760,000 435,000 54,000 TPX Company's 2021 return on equity is: (Round your answer to 1 decimal place.) Multiple Choice 0 16.2%. 0 15.4%. 0 3.1%. 0 1.5%
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