ABC  Inc., had sales totaling $40,000,000 in its recent fiscal year. Some ratios for the company are listed below. Use this information to determine the dollar values of various income statement and balance sheet accounts as requested. Assume a 365-day year.

 

McDougal Printing, Inc.
Sales	$50,000,000
Gross profit margin	77%
Operating profit margin	36%
Net profit margin	10%
Return on total assets	18.1%
Return on common equity	45%
Total asset turnover	2.2
Average collection period	60.7 days

 

Calculate values for the following:

 

a. Gross profits

 

b. Cost of goods sold

 

c. Operating profits

 

d. Operating expenses

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