MBI Inc. had sales of $38 million for fiscal 2019. The company's gross profit ratio for that year was 27%. Required: a. Calculate the gross profit and cost of goods sold for MBI for fiscal 2019. (Enter your answers in millions rounded to 2 decimal places. (i.e., 5,500,000 should be entered as 5.50)) million Gross profit Cost of goods sold million b. Assume that a new product is developed and that it will cost $491 to manufacture. Calculate the selling price that must be set for this new product if its gross profit ratio is to be the same as the average achieved for all products for fiscal 2019. (Do not round intermediate calculations. Enter your answer in dollars rounded to 2 decimal places.) Selling price Ringmeup Inc. had net income of $115,100 for the year ended December 31, 2019. At the beginning of the year, 40,000 shares of common stock were outstanding. On May 1, an additional 18,000 shares were issued. On December 1, the company purchased 4,800 shares of its own common stock and held them as treasury stock until the end of the year. No other changes in common shares outstanding occurred during the year. During the year, Ringmeup paid the annual dividend on the 6,000 shares of 4.65%, $100 par value preferred stock that were outstanding the entire year. Required: Calculate basic earnings per share of common stock for the year ended December 31, 2019. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Earnings per share For each of the following items, calculate the cash sources Baldin Co. for the year ended December 31, 2019: cash uses that should be recognized on the statement of cash flows for Required: a. Sales on account (all are collectible) amounted to $755,000, and accounts receivable decreased by $22,900. How much cash was collected from customers? of cash and inco b. Income tax expense for the year was $150,0 income taxes? payable decreased by $33,700. How much cash was paid for of cash C. Cost of goods sold amounted to $404,000, accounts payable increased by $19,400, and inventories increased by $14,400. How much cash was paid to suppliers? of cash d. The net book value of buildings increased by $232,000. No buildings were sold, and depreciation expense for the year was $193,000. How much cash was paid to purchase buildings? of cash