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SectionI(15 Marks): Answer the following Questions 1- XYZ Printing Inc., had sales totalling $40,000,000 in fiscal year 2012. Some ratios for the company are

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SectionI(15 Marks): Answer the following Questions 1- XYZ Printing Inc., had sales totalling $40,000,000 in fiscal year 2012. Some ratios for the company are listed below. gross profit margin operating profit margin net profit margin return on total sales return on common equity average collection period 80% 35%, 8% 16% 20% 62.2 day Use this information to determine the dollar values of various income statement and balance sheet accounts as follows: 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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