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

		2021			2020
Accounts receivable	$	82,000		$	75,000
Inventory		90,000			79,000
Net sales		490,000			383,000
Cost of goods sold		261,000			219,000
Total assets		850,000			775,000
Total stockholders' equity		475,000			455,000
Net income		74,000			53,000

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

Multiple Choice

• 1.4%.

• 15.9%.

• 3.1%.

• 15.6%.