McDougal Printing, Inc., had sales totaling $40,000,000 in fiscal year 2012. Some ratios for the company are

Question:

McDougal Printing, Inc., had sales totaling $40,000,000 in fiscal year 2012. Some ratios for the company are listed below. Use this information to determine the dollar values of various income statement and accounts as requested.
McDougal Printing, Inc.
Year Ended December 31, 2012
Sales .............. $40,000,000
Gross profit margin ......... 80%
Operating profit margin ........ 35%
Net profit margin ......... 8%
Return on total assets ........ 16%
Return on common equity ...... 20%
Total ........ 2
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 equity
h. Accounts receivable

Common Stock
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Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...