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McDougal Printing, Inc., had sales totaling $40,000,000 in fiscal year2015. Some ratios for the company are listed below. Use this information to determinethe dollar
McDougal Printing, Inc., had sales totaling $40,000,000 in fiscal year2015. Some ratios for the company are listed below. Use this information to determinethe dollar values of various income statement and balance sheet accounts as requested. $40,000,000 80% Sales Gross profit margin Operating profit margin Net profit margin Return on total assets 35% 8% 16% 20% Return on common equity Total asset turnover 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 common stock equity h. Accounts receivable
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