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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

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 balance sheet accounts. Sales: $40,000,000 gross profit margin 80% operating profit 35% net profit 8% return on total sales 16% return on common equity 20% total asset turnover 2 average collection period 62.2 day Calculate: 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

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