McDougal Printing, Inc., had sales totaling $ 42 comma 000
comma 000$42,000,000 in 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. 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
McDougal Printing, Inc.
Year Ended December 31, 2015
Sales
$ 42 comma 000 comma 000$42,000,000
Gross profit margin
8484%
Operating profit margin
3333%
Net profit margin
99%
Return on total assets
18.918.9%
Return on common equity
1818%
Total asset turnover
2.12.1
Average collection period
62.862.8 days
