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Business, 25.02.2020 04:33 brookemcelhaney
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) $ 25 $ 36 Net sales $ 135 $ 120 Cost of goods sold $ 80 $ 75 Net income $ 25 $ 37 Inventory turnover 6.20 Return on assets 12.4 % Equity multiplier 2.56 Dowling's return on equity for 2021 is: (Round your answer to 1 decimal places.) Multiple Choice 27.1%. 31.7%. 18.5%. 8.6%.
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Excerpts from Dowling Company's December 31, 2021 and 2020, financial statements and key ratios are...
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