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Ratio proficiency McDougal Printing, Inc., had sales totaling $48,000,000 in fiscal year 2019. Some ratios for the company are listed below. Use this information to
Ratio proficiency McDougal Printing, Inc., had sales totaling $48,000,000 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. Year Ended Deccmber 31, 2019 Calculate values for the following a. Gross profits b. Cost of goods sold c. Operating profits d. Operating expenses e. Eamings available for common stockholders f. Total assets g. Total common stock equity h. Accounts receivable Sales Gross profit margin Operating profit margin Net profit margin Return on total assets Return on common equity Total asset turnover Average collection period $48,000,000 83% 34% 7% 12.6% 21% 1.8 59.8 days a. The gross profits are S 39840000. (Round to the nearest dollar.) b. The cost of goods sold is $ 8160000. (Round to the nearest dollar.) c. The operating profits are S 16320000. (Round to the nearest dollar.) d. The operating expenses are$ 23520000. (Round to the nearest dollar.) e. The eamings available for common shareholders are S 3360000. (Round to the nearest dollar.) f. The total assets are $ 26666667. (Round to the nearest dollar.) g. The total common stock equity is $ 16000000. (Round to the nearest dollar.) h. The accounts receivable are $ (Round to the nearest dollar.)
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