Hong Hong Printing Company has sales totaling $40,000,000 in fiscal year 2012. Some of the ratios for

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Hong Hong Printing Company has sales totaling $40,000,000 in fiscal year 2012. Some of the ratios for the company are listed below. Use this information to determine the dollar values of the various income statement and balance sheet accounts.

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Calculate values for the following:

(a) Gross profit.

(b) Cost of goods sold.

(c) Operating profit.

(d) Operating expenses.

(e) Earnings available for common shareholders.

(f) Total assets.
(g) Total common stock equity.
(h) Accounts receivable.

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Related Book For  book-img-for-question

Understanding Financial Statements

ISBN: 9781292101552

11th Global Edition

Authors: Lyn Fraser, Aileen M. Ormiston

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