M Gmail YouTube Maps x Watch TV Online,... Other Bookmarks Seved Help Save & Exit Submit - Chapter 1, 2, 3 and 4 MC Qu. 109 Excerpts from Dowling Company's... 1 Excerpts from Dowling Company's December 31, 2018 and 2017, financial statements and key ratios are presented below (all numbers are in millions): 2018 Accounts receivable (net) $ 21 Net sales $ 116 Cost of goods sold $ 61 Net income $ 21 Inventory turnover 5.25 Return on assets 10.508 Equity Multiple 2.37 2017 $ 17 $101 $ 56 $ 18 Dowling's 2018 profit margin is (rounded): (Round your answer to 1 decimal places.) Multiple Choice 18.1% 19.0% O 18.8% 17.3%