Dowling's average inventory balance for 2021 is (rounded):

Excerpts from Dowling Company's December 31, 2021 and 2020, financial statements and key ratios are presented below (all numbers are in millions): 60 Accounts receivable (net) Net sales Cost of goods sold Net income Inventory turnover Return on assets Equity multiplier 2021 2020 $ 20 $ 16 $ 115 100 55 2017 5.22 10.38 2.36 Dowling's average inventory balance for 2021 is (rounded): Multiple Choice