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. 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 Sales $40,000,000 Gross profit margin 80% Operating profit margin 35% Net profit margin 8% 16.0% Return on total assets Return on common equity Total asset turnover Average collection period 20% 2.0 62.2 days a. The gross profits are $ (Round to the nearest dollar.)