McDougal Printing, Inc., had sales totaling $40,000,000 in fiscal year2015. Some ratios for the company are...

 

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McDougal Printing, Inc., had sales totaling $40,000,000 in fiscal year2015. Some ratios for the company are listed below. Use this information to determinethe dollar values of various income statement and balance sheet accounts as requested. $40,000,000 80% Sales Gross profit margin Operating profit margin Net profit margin Return on total assets 35% 8% 16% 20% Return on common equity Total asset turnover Average collection period 62.2 days 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 McDougal Printing, Inc., had sales totaling $40,000,000 in fiscal year2015. Some ratios for the company are listed below. Use this information to determinethe dollar values of various income statement and balance sheet accounts as requested. $40,000,000 80% Sales Gross profit margin Operating profit margin Net profit margin Return on total assets 35% 8% 16% 20% Return on common equity Total asset turnover Average collection period 62.2 days 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

Answer rating: 100% (QA)

a Gross profits Gross profit margin Gross profit sales 080 Gp 4000000... View the full answer