Excerpts from TPX Company's December 31, 2018 and 2017, financial statements are presented below: 2018 2017 Accounts
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Question:
Excerpts from TPX Company's December 31, 2018 and 2017, financial statements are presented below:
| 2018 | 2017 | |
| Accounts receivable | $50,000 | $37,000 |
| Inventory | 28,000 | 45,000 |
| Net sales | 197,000 | 189,000 |
| Cost of goods sold | 121,000 | 111,000 |
| Total assets | 433,000 | 410,000 |
| Total stockholders' equity | 241,000 | 229,000 |
| Net income | 38,500 | 33,000 |
TPX Company's 2018 debt to equity ratio is:
33.19%.
9.13%.
79.67%.
15.98%.
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