Excerpts from dowling company's december 31, 2018 and 2017, financial statements and key ratios are presented below (all numbers are in millions): 2018 2017accounts receivable (net) $ 20 $ 16net sales $ 115 $ 100cost of goods sold $ 60 $ 55net income $ 20 $ 17inventory turnover 5.22return on assets 10.3 %equity multiple 2.36dowling's 2018 profit margin is (rounded): (a) 18.5%.(b) 16.5%.(c) 17.4%.
(d) 18.0%.
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Excerpts from dowling company's december 31, 2018 and 2017, financial statements and key ratios are...
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