Ratio proficiency McDougal Printing, Inc., had sales totaling $35,000,000 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. values for the following: Calculate 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 a. The gross profits are $ (Round to the nearest dollar.) 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 $35,000,000 84% 37% 8% 16.8% 19% 2.1 59.1 days

Ratio proficiency McDougal Printing, Inc., had sales totaling $35,000,000 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. values for the following: Calculate 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 a. The gross profits are $ (Round to the nearest dollar.) 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 $35,000,000 84% 37% 8% 16.8% 19% 2.1 59.1 days

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Ratio proficiency McDougal Printing, Inc., had sales totaling $35,000,000 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.
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
a. The gross profits are $
(Round to the nearest dollar.)
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
C
$35,000,000
84%
37%
8%
16.8%
19%
2.1
59.1 days

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