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 average total assets for 2021 is (rounded):

Multiple Choice

• 32.

• 210.

• 115.

• 194.