Ratio proficiency McDougal Printing, Inc., had sales totaling $40,000,000 in fiscal year 2019. 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. McDougal Printing, Inc. Calculate values for the following: Year Ended December 31, 2019 a. Gross profits Sales $40,000,000 b. Cost of goods sold Gross profit margin 77% c. Operating profits d. Operating expenses Operating profit margin 36% e. Earnings available for common stockholders Net profit margin 6% f. Total assets Return on total assets 12.6% g. Total common stock equity Return on common equity 24% h. Accounts receivable Total asset turnover 2.1 Average collection period 58.3 days a. The gross profits are $ (Round to the nearest dollar.) b. The cost of goods sold is $ (Round to the nearest dollar.) c. The operating profits are $ (Round to the nearest dollar.) d. The operating expenses are $ (Round to the nearest dollar.) e. The earnings available for common shareholders are $ (Round to the nearest dollar.) f. The total assets are $ (Round to the nearest dollar.) g. The total common stock equity is $ (Round to the nearest dollar.) h. The accounts receivable are $ (Round to the nearest dollar.)