reasons. lly different for these two firms? Suggest some P3-22 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. McDougal Printing Inc. Year Ended December 31, 2019 Sales Gross profit margin Operating profit margin Net profit margin Return on total assets Return on common equity Total asset turnover Average collection period $40,000,000 80% 35% 8% 16% 20% 2 62.2 days Calculated for the following: a. Gross profit b. Cost of goods sold 30 PART TWO Financial Tools c. Operating profits d. Operating expenses e. Earnings available for common stockholders f. Total assets g. Total common stock equity h. Accounts receivable 6 P3-23 Cross-sectional ratio analysis Use the accompanying Manufacturing Company for the year ended Decembe industry average ratios below, to do the following: a. Prepare and interpreto