125) Excerpts from Dowling Company's December 31, 2021 and 2020, financial statements and key ratios are presented below (all numbers are in millions): 2021 2020 Accounts receivable (net) $ 20 $ 16 Net sales $ 115 $ 100 Cost of goods sold $ 60 $ 55 Net income $ 20 $ 17 Inventory turnover 5.22 Return on assets 10.3% Equity multiplier 2.36 Dowling's 2021 profit margin is (rounded): A) 17.4% B) 18.5% C) 18.0%. D) 16.5% 126) Excerpts from Dowling Company's December 31, 2021 and 2020, financial statements and key ratios are presented below (all numbers are in millions): 2021 2020 Accounts receivable (net) $ 20 $ 16 Net sales S 115 $ 100 Cost of goods sold $ 60 $ 55 Net income $20 $ 17 Inventory turnover 5.22 Return on assets 10.3% Equity multiplier 2.36 Dowling's 2021 average collection period is (rounded): A) 50 days. B) 63 days. C) 57 days. D) 51 days