Balance Sheet Analysis Complete the balance sheet and sales information in the table that follows...
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Accounting
Balance Sheet Analysis
Complete the balance sheet and sales information in the table that follows for J. White Industries using the following financial data:
Total assets turnover: 1.8 Gross profit margin on sales: (Sales - Cost of goods sold)/Sales = 20% Total liabilities-to-assets ratio: 40% Quick ratio: 0.80 Days' sales outstanding (based on 365-day year): 36.5 days Inventory turnover ratio: 3.25
Do not round intermediate calculations. Round your answers to the nearest whole dollar.
| Partial Income Statement Information | |
| Sales | $ |
| Cost of goods sold | |
| Balance Sheet | ||||||
| Assets | Liabilities and Equity | |||||
| Cash | $ | Accounts payable | $ | |||
| Accounts receivable | Long-term debt | 50,000 | ||||
| Inventories | Common stock | |||||
| Fixed assets | Retained earnings | 100,000 | ||||
| Total assets | $ | 400,000 | Total liabilities and equity | $ | ||
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