Ratio proficiency McDougal Printing, Inc., had sales totaling $30,000,000

in fiscal year 2015. 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

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

McDougal Printing, Inc.

Year Ended December 31, 2019

2019

Sales 30,0000

Gross profit margin

82%

Operating profit margin

38%

Net profit margin

8%

Return on total assets

17.6%

Return on common equity

18%

Total asset turnover

2.2

Average collection period

55.7 days