Determine the dollar values of various income statement

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Reference no: EM131995818

Ratio proficiency McDougal Printing, Inc., had sales totaling $40,000,000 in the fiscal year 2015. 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, 2015

Sales $40,000,000

Gross profit margin 80%

Operating profit margin 35%

Net profit margin 8%

Return on total assets 16%

Return on common equity 20%

Total asset turnover 2

Average collection period 62.2 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

Reference no: EM131995818

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