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Ratio proficiency McDougal Printing, Inc., had sales totaling $49,000,000 in fiscal year 2019. Some ratios for the company are listed below. Use this information to

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Ratio proficiency McDougal Printing, Inc., had sales totaling $49,000,000 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 $49,000,000 b. Cost of goods sold 7604 UULIU muy yun. McDougal Printing, Inc. Year Ended December 31, 2019 Sales $49,000,000 Gross profit margin 75% Operating profit margin 39% Net profit margin 9% Return on total assets 17.1% Return on common equity 23% Total asset turnover 1.9 Average collection period 59.9 days 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

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