Ratio proficiency McDougal Printing, Inc., had sales totaling $40,000,000 in fiscal year 2015. Some ratios for...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Ratio proficiency McDougal Printing, Inc., had sales totaling $40,000,000 in fiscal year 2015. 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. Year Ended December 31, 2015 $40,000,000 Calculate values for the following: a. Gross profits b. Cost of goods sold c. Operating profits d. Operating expenses e. Earnings available for common stockholders f. Total assets g. Total common stock equity h. Accounts receivable Sales Gross profit margin 80% Operating profit margin Net profit margin 35% 8% Return on total assets 16.0% Return on common equity 20% Total asset tumover 2.0 Average collection period 62.2 days Ratio proficiency McDougal Printing, Inc., had sales totaling $40,000,000 in fiscal year 2015. 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. Year Ended December 31, 2015 $40,000,000 Calculate values for the following: a. Gross profits b. Cost of goods sold c. Operating profits d. Operating expenses e. Earnings available for common stockholders f. Total assets g. Total common stock equity h. Accounts receivable Sales Gross profit margin 80% Operating profit margin Net profit margin 35% 8% Return on total assets 16.0% Return on common equity 20% Total asset tumover 2.0 Average collection period 62.2 days
Expert Answer:
Answer rating: 100% (QA)
solution sales 40000000 particulars amount formula gross ... View the full answer
Related Book For
Fraud examination
ISBN: 978-0538470841
4th edition
Authors: Steve Albrecht, Chad Albrecht, Conan Albrecht, Mark zimbelma
Posted Date:
Students also viewed these accounting questions
-
Income statement and balance sheet information abstracted from a recent annual report of Wolverine World Wide, Inc. appears below: The significant accounting policies note disclosure contained the...
-
Income statement and balance sheet information abstracted from a recent annual report of The Kroger Company, one of the world's largest retailers, appears below: The significant accounting policies...
-
The following is Folex Company's income statement and balance sheet (in millions): The following additional information is available: i) Operating expenses include $35 million of depreciation. ii)...
-
Five months after issuing an unqualified audit opinion and an unqualified opinion on internal controls for the audit of the year ended December 31, 2019, for a large publicly traded client, the...
-
1. How has Mexico provided the environment to make Jumex into a competitive fruit and nectar producer in foreign markets? 2. What factors mentioned in this case study have contributed to Jumexs...
-
Legislative Act: Section 41-1-6-9 of the state statutes defines defamation as the intentional publication of a false statement about a person. The statute defines publication as communication to a...
-
The W14 \(\times 38\) column is made of A-36 steel. Determine the critical load if its bottom end is fixed supported and its top is free to move in plane about the strong axis and is pinned about the...
-
Bennington Home Products sells home products. It buys products for resale from suppliers all over the world. The products are organized into groups. A few examples of these groups are floor care...
-
a. Define and explain "Consumerization of IT" and BYOD. b. Elaborate managers' concerns of implementing BYOD in the company. a. Describe FIVE types of cyber attacks and crimes with examples. b....
-
Allen Furniture is a manufacturer of hand-crafted furniture. At the start of January, Allen employs 20 trained craftspeople. They have forecasted their labor needs over the next 12 months as shown in...
-
You want to invest in TSLA but have concern about if the stock is too much overvalued. How can you hedge your risk if you buy 10 shares of TSLA at $780 per each share? Explain.
-
What critical assumptions has TESLA made to value inventory? Does TESLA use FIFO or LIFO? Explain what is LCM (the lower of cost or market) and how this may impact inventory every year. Cost of...
-
What is your distinct learning style? Please choose from one of the three major learning styles: visual, audible, or kinesthetic. Given your unique learning style, what activities help you to learn...
-
What is consciousness how does consciousness relate to grit (5points) how can consciousness leads to success in school (5points)
-
iii. Given a memory address 1011 1100 0001 0101 1110 0111 1000 1, find the tag value for each assumption below: a. Direct mapping is used. b.Associative mapping is used. [2 marks] [2 marks] c. Set...
-
Discuss, contrast and compare, the issues surrounding animal consciousness and machine consciousness. How are these issues alike and how different? Do they inform us differently about our...
-
Week 2 Articles(Financial statements, taxes, and cash flow) Please post articles that relate to topics, themes and issues discussed in this week's readings, and provide some thoughts and observations...
-
Define deferred revenue. Why is it a liability?
-
What are common ways in which financial statement frauds are concealed?
-
Pablo is studying financial statements to decide which companies would be wise investments. Pablo identifies Jawanna Corporation as having abnormally high financial ratios compared with other...
-
What is the effect on net income of not recording sales returns?
-
Pegasus Veterinary Hospital (PVH) is a partnership of five veterinarian surgeons who specialize in treating horses. PVH is located in a $25 million facility on 20 acres of land, employing over 40...
-
A tender evaluation method specifies 60% price and 40% quality. What is the weighted score of a tender that scored 80 points (out of 100) for price and 60 for quality?
-
You are a recently appointed purchasing manager who is overseeing terms and con- ditions of contract for an important international purchase with a UN country. What rules should you be particularly...
Study smarter with the SolutionInn App