Question 9 (1 point) Question 9-16. The following information ($ in millions) comes from the annual report of Velvo Co. for the year ending December 31, 2022: Year ended December 31, 2022 $7,949 Net sales Cost of goods sold 4,767 1,909 Sales, general and administrative Interest expense 416 Profit before tax 857 Net profit $458 December 31, 2022 December 31, 2021 Cash and cash equivalents $975 $64 Receivables, net 1,010 664 Inventories 1,055 519 Land, buildings, and equipment at cost, net 3,844 13,500 $16,540 Total assets $5,091 Total current liabilities $2,209 $5,747 5,591 Long-term debt 2,221 Total liabilities $4,430) $11,338 $5,202 Total shareholders' equity $6611 Compute the profit margin on sales for Velvo Co. for the year 2022. Round your answer to one decimal place, for example, 0.1234 as 12.3%. A Question 12 (1 point) Compute the asset turnover ratio for Velvo Co. for the year 2022. Round your answer to two decimal places. Question 13 (1 point) Compute the average collection period for Velvo Co. for the year 2022. Round your final answer to one decimal place. AV Question 14 (1 point) Compute the average days in inventory for Velvo Co. for the year 2022. Round your final answer to one decimal place. Question 15 (1 point) Compute the return on assets for Velvo Co. for the year 2022. Round your answer to one decimal place, for example, 0.1234 as 12.3%. AJ Question 16 (1 point) Compute the return on shareholders' equity for Velvo Co. for the year 2022. Round your answer to one decimal place, for example, 0.1234 as 12.3%. AJ