Excerpts from Dowling Company's December 31, 2021 and 2020, financial statements and key ratios are presented below (all numbers are in millions): Accounts receivable (net) $ 20 Net sales Cost of goods sold Net income Inventory turnover. Return on assets Equity multiplier 2021 2020 $ 16 $ 115 $100 $ 60 $ 55 $ 20 $ 17 5.22 10.3% 2.36 Dowling's 2021 profit margin is (rounded): Multiple Choice 17.4%. 18.5%. 18.0%. 16.5%.