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Ratio proficiency McDougal Printing, Inc., had sales totaling $44,000,000 in its recent fiscal year. Some ratios for the company are listed below. Use this information
Ratio proficiency McDougal Printing, Inc., had sales totaling $44,000,000 in its recent fiscal year. 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. (Click the icon here in order to copy the contents of the data table below into a spreadsheet.) McDougal Printing, Inc. Sales $44,000,000 Gross profit margin 77% Operating profit margin 37% Net profit margin 7% Return on total assets 13.3% Return on common equity 24% Total asset turnover 1.9 Average collection period 53.1 days a. The gross profits are 5 (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 $ (Rour nearest dollar.) h. The accounts receivable are $ (Round to the nearest dollar.)
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