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Ratio proficiency McDougal Printing, Inc., had sales totaling $ 39 comma 000 comma 000$39,000,000 in fiscal year 2015. Some ratios for the company are listed

Ratio proficiencyMcDougal Printing, Inc., had sales totaling

$ 39 comma 000 comma 000$39,000,000

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 year.

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, 2015

Sales

$ 39 comma 000 comma 000$39,000,000

Gross profit margin

7676%

Operating profit margin

3131%

Net profit margin

99%

Return on total assets

18.918.9%

Return on common equity

2323%

Total asset turnover

2.12.1

Average collection period

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