Excerpts from Dowling Company's December 31, 2016 and 2015, financial statements and key ratios are presented below (all dollar values are in millions):
2016 205
Account Receivables (net) $27 $23
Net Sales 160 120
cost of goods sold 93 78
Net Income 27 24
Inventory turnover 6.20
Return on assets 11.0%
equity Multiple 2.43
a) Dowling's return on equity for 2016 is:
b) Dowling's profit of margin is:
c) Dowling's average total assets for 3026 is:
(round your answer to whole number) and please show equations.