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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

Managerial Accounting: The Cornerstone of Business Decision-Making
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 40E: Cuneo Companys income statements for the last 3 years are as follows: Refer to the information for...
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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
Transcribed Image Text: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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d. Operating expenses
e. Earnings available for common stockholders
f. Total assets
g. Total common stock equity
h. Accounts receivable
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