Ratio proficiencyMcDougal Printing, Inc., had sales totaling $40,000,000

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	$ 40 000,000
Gross profit margin	78%
Operating profit margin	36%
Net profit margin	55%
Return on total assets	9.5%
Return on common equity	19%
Total asset turnover	1.9
Average collection period	63.9 days