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 $ 31 Net sales $ 130 $ 115 Cost of goods sold $ 75 $ 70 Net income $ 20 $ 32 Inventory turnover 5.95 Return on assets 12.0 % Equity multiplier 2.51

Dowling's average total assets for 2021 is: (Round your answer to whole number.)

Multiple Choice

47.

240.

130.

167.