ABC Inc., had sales totaling $40,000,000 in its recent fiscal year. Some ratios for the company are
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Question:
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
Related Book For
Principles of Managerial Finance
ISBN: 978-0134476315
15th edition
Authors: Chad J. Zutter, Scott B. Smart
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