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Ratio proficiency McDougal Printing, Inc, had sales totaling $40,000,000 in fiscal year 2019 . Some...

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Accounting

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Ratio proficiency McDougal Printing, Inc, had sales totaling $40,000,000 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. Eamings 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.)

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