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)	$	16			$	27
Net sales	$	126			$	111
Cost of goods sold	$	71			$	66
Net income	$	16			$	28
Inventory turnover		5.75
Return on assets		11.30	%
Equity multiplier		2.47

Dowling's 2021 profit margin is: (Round your answer to 1 decimal place.)