2021-1 ITF 311 - Business Finance 3 MET_N MERT KOBA_ : 12/19/21 4:01 PM = Homework: Homework 1 Question 3, P3-22 (simil... Part 1 of 8 HW Score: 0%, 0 of 100 points Points: 0 of 20 Save Ratio proficiency McDougal Printing, Inc., had sales totaling $50,000,000 in its recent fiscal year. 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. (Click the icon here in order to copy the contents of the data table below into a spreadsheet.) McDougal Printing, Inc. Sales $50,000,000 Gross profit margin 76% Operating profit margin 37% Net profit margin 6% Return on total assets 10.8% Return on common equity 21% Total asset turnover 1.8 Average collection period 59.8 days ... a. The gross profits are $ (Round to the nearest dollar.) Please copy and paste data from text area below. Selected delimiter: Tab McDougal Printing, Inc. Sales ($) $50,000,000 Gross profit margin (%) 76 Operating profit margin (%) 37 Net profit margin (%) 6 Return on total assets (%) 10.8 Return on common equity (%) 21 Total asset turnover 1.8 Average collection period (days) Done Help me solve this View an example Clear all Check