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

		2021			2020
Accounts receivable	$	84,000		$	77,000
Inventory		86,000			78,000
Net sales		460,000			374,000
Cost of goods sold		256,000			219,000
Total assets		825,000			760,000
Total stockholders' equity		470,000			445,000
Net income		72,000			58,000

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

Multiple Choice

• 15.7%.

• 3.1%.

• 15.3%.

• 1.4%.