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 2018 profit margin is (rounded) :
Definitions:
Price-earnings Ratio
A valuation metric for companies, calculated by dividing the current market price of a stock by its earnings per share (EPS).
Dividend Yield Ratio
A financial ratio that indicates how much a company pays out in dividends each year relative to its stock price, typically expressed as a percentage.
Earnings per Share
A financial ratio that measures the amount of net income earned per share of common stock. It is an indicator of a company's profitability.
Dividend Payout Ratio
The proportion of earnings a company pays to its shareholders in the form of dividends, expressed as a percentage of the company's total earnings.
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