Ratio proficiency McDougal Printing, Inc., had sales totaling $40,000,000 in fiscal year 2015. Some ratios for...
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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
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Related Book For
Fraud examination
ISBN: 978-0538470841
4th edition
Authors: Steve Albrecht, Chad Albrecht, Conan Albrecht, Mark zimbelma
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