Excerpts from Peg Co.'s December 31, 2023 and 2022 financial statements and key ratios are shown here: (all numbers are in millions): 2023 2022 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 Multiple 2.36