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McDougal Printing. Inc., had sales totaling $34,000,000 in fiscal year 2019. Some ratios for the company are listed (pictured) below. Use this information to determine
McDougal Printing. Inc., had sales totaling $34,000,000 in fiscal year 2019. Some ratios for the company are listed (pictured) below. Use this information to determine the dollar values of various income statement and balance sheet accounts as requested. Assume a 365-day year.
McDougal Printing, Inc. Year Ended December 31, 2019 Sales $34,000,000 Gross profit margin 81% Operating profit margin 39% Net profit margin 7% Return on total assets 12.6% Return on common equity 18% Total asset turnover 1.8 Average collection period 63.4 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 a. The gross profits are $ . (Round to the nearest dollar.) Calculate values for the following (round to the nearest dollar):
a. Gross profits
b. Cost of goods
c. Operating Profits
d. Operating expenses
e. Earnings available for common stockholders
f. Total assets
g. Total common stock equity
h. Accounts receivable
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