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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 2020 $ 82,000 $ 81,000 88,000 73,000 500,000 382,000 256,000 220,000 805,000 775,000 500,000 450,000 77,000 59,000 TPX Company's 2021 return on equity is: (Round your answer to 1 decimal place.) Multiple Choice O 16.2%. 3.2%. 15.4%. 1.6% Given the information below, what is the company's gross profit? Sales Revenue Accounts Receivable Ending Inventory Cost of Goods Sold Sales Returns $320,000 $ 58,000 $100,000 $250,000 $ 18,000 Multiple Choice $70,000 $290,000 $52,000. $57,000. Richard's Sporting Goods reports net income of $160,000, net sales of $510,000, and average assets of $1,900,000. The return on assets is: Multiple Choice 3.2 times. o 31.4%. O 26.8%. 8.4%
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