Ratio proficiency McDougal Printing, Inc., had sales totaling $43,000,000 in its recent fiscal year. 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. Click the icon here o in order to copy the contents of the data table below into a spreadsheet.) McDougal Printing, Inc. Sales $43,000,000 Gross profit margin Operating profit margin Net profit margin 83% 35% 7% Return on total assets Return on common equity 14.7% 22% Total asset turmover 2.1 Average collection period 53.4 days Calculate values for the following: -- d Opertingpro g. Total common stock equity 1. Accounts receivable
Ratio proficiency McDougal Printing, Inc., had sales totaling $43,000,000 in its recent fiscal year. 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. Click the icon here o in order to copy the contents of the data table below into a spreadsheet.) McDougal Printing, Inc. Sales $43,000,000 Gross profit margin Operating profit margin Net profit margin 83% 35% 7% Return on total assets Return on common equity 14.7% 22% Total asset turmover 2.1 Average collection period 53.4 days Calculate values for the following: -- d Opertingpro g. Total common stock equity 1. Accounts receivable
Financial Accounting
15th Edition
ISBN:9781337272124
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter2: Analyzing Transactions
Section: Chapter Questions
Problem 23E: The following data (in millions) are taken from the financial statements of Target Corporation: a....
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