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Business, 14.10.2021 01:00 maribel5979
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) $ 23 $ 18 Net sales $ 117 $ 102 Cost of goods sold $ 62 $ 57 Net income $ 23 $ 19 Inventory turnover 5.30 Return on assets 10.7 % Equity multiplier 2.38 Dowling's average total assets for 2021 is:
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Excerpts from Dowling Company's December 31, 2021 and 2020, financial statements and key ratios are...
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