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