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McDougal Printing, Inc., had sales totaling $40,000,000 in fiscal year 2012. 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., had sales totaling $40,000,000 in fiscal year 2012. 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.

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 57P: Grammatico Company has just completed its third year of operations. The income statement is as...
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McDougal Printing, Inc., had sales totaling $40,000,000 in fiscal year 2012. 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, 2012 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
Transcribed Image Text:McDougal Printing, Inc., had sales totaling $40,000,000 in fiscal year 2012. 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, 2012 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
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