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A B d D D E FI 1.60 24.00% 35.00% 0.85 38.50 3.00 $400,000 50,000 100,000 365 Formulas 3 Total assets turnover 4 Gross profit margin on sales 5 Total liabilities-to-assets ratio 6 Quick ratio 7 Days sales outstanding 8 Inventory turnover ratio 9 Total assets 10 Long-term debt 11 Retained earnings 12 Number of days in year 13 14 Financial Statements 15 Partial Income: 16 Sales 17 Cost of good sold 18 19 Balance Sheet: 20 Cash 21 Accounts receivable 22 Inventories 23 Fixed assets 24 Total assets 25 26 Accounts payable 27 Long-term debt 28 Common stock 29 Retained earnings 30 Total liabilities and equity 21 #NJA #N/A #N/A #N/A #N/A #N/A $400,000 #N/A 50,000 #N/A 100,000 #N/A Total assets turnover: 1,6 Gross profit margin on sales: (Sales - Cost of goods sold)/Sales - 24% Total liabilities-to-assets ratio: 35% Quick ratio: 0.85 Days sales outstanding (based on 365-day year): 38.5 days Tnventory turnover ratio: 3.0 The data has been collected in the Microsoft Excel Online files below. Open the spreadsheet and perform the required analysis to answer the questions below IH Open spreadsheet Complete the batance sheet and sales information in the table that follows for J. White Industries. Do not round intermediate calculations. Round your answers to the nearest whole doltar Partial Income Statement Information Sales $ Cost of goods sold $ Balance Sheet Cash 5 Accounts payable Long-term det Accounts receivable $ $50,000 Inventories $ Common stock $ Hoxed asset $ Retained earnings $100,000 Total assets $ 400,000 Total liabilities and equity s

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