Excerpts from Dowling Company's December 31, 2018 and 2017, financial statements and key ratios are presented below (all numbers are in millions):
- Dowling's average total assets for 2018 is (rounded):

Question

Excerpts from Dowling Company's December 31, 2018 and 2017, financial statements and key ratios are presented below (all numbers are in millions): 
- Dowling's average total assets for 2018 is (rounded):

Quizplus · Accepted Answer

Return on assets = Net income / (Average assets), so Average assets = Net income / ROA = 20 / 0.103 = 194

Excerpts from Dowling Company's December 31, 2018 and 2017, Financial