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1 Excerpts from Dowling Company s December 31 2024 and 2023 financial statements and key...

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1 Excerpts from Dowling Company s December 31 2024 and 2023 financial statements and key ratios are presented are in millions 00 34 52 Accounts receivable net Net sales Cost of goods sold Net income 2024 Multiple Choice 17 127 72 17 5 80 11 4 2 48 Inventory turnover Return on assets Equity multiplier Dowling s return on equity for 2024 is closest to 2023 28 112 67 29 2

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