Solution-Compute the TPX Company return on equity

Compute the TPX Company return on equity

Reference no: EM132787273

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

	2021	2020
Accounts receivable	$83,000	$77,000
Inventory	90,000	77,000
Net sales	410,000	378,000
Cost of goods sold	265,000	224,000
Total assets	830,000	775,000
Total stockholders' equity	500,000	450,000
Net income	77,000	56,000

Required - Compute the TPX Company's 2021 return on equity?

A) 3.2%.

B) 16.2%.

C) 1.5%.

D) 15.4%.

Reference no: EM132787273

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Compute the TPX Company return on equity

Reference no: EM132787273

Reference no: EM132787273

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