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Excerpts from TPX Company's December 31, 2021 and 2020, financial statements are presented below: 2021 2020 Accounts receivable $ 86,000 $ 81,000 Inventory 93,000 77,000

Excerpts from TPX Company's December 31, 2021 and 2020, financial statements are presented below: 2021 2020 Accounts receivable $ 86,000 $ 81,000 Inventory 93,000 77,000 Net sales 440,000 376,000 Cost of goods sold 259,000 221,000 Total assets 810,000 765,000 Total stockholders' equity 495,000 435,000 Net income 77,000 52,000 TPX Company's 2021 return on equity is: (Round your answer to 1 decimal place.) Multiple Choice 3.0%. 1.5%. 15.6%. 16.6%.

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