= Homework: Chapter 3 Homework Question 11, P3-22 (simil... Part 1 of a HW Score: 41.99%, 5.09 of 12 points Points: 0 of 1 Save 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. Calculate values for the following: Year Ended December 31, 2015 a. Gross profits Sales S40,000,000 b. Cost of goods sold Gruss profit margin 77% c. Operating profits Operating profit margin 35% d. Operating expenses e. Earnings available for common stockholders Net profit margin 7% f. Total assets Retum on total assets 13.3% g. Total common stock equity Retum on common equity 22% h Accounts receivable Tolal asset tumover 1.9 Average collection period 54.7 days a. The gross profits are $ (Round to the nearest dollar.) Help Me Solve This View an Example Get More Help Clear All Check