Balance Sheet Analysis Complete the balance sheet and sales information in the table that follows for J....

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Finance

Balance Sheet Analysis
Complete the balance sheet and sales information in the tablethat follows for J. White Industries using the following financialdata:
Total assets turnover: 1.6
Gross profit margin on sales: (Sales - Cost of goods sold)/Sales =25%
Total liabilities-to-assets ratio: 45%
Quick ratio: 1.05
Days' sales outstanding (based on 365-day year): 36.5 days
Inventory turnover ratio: 3.75
Do not round intermediate calculations. Round your answers tothe nearest whole dollar.
Partial Income StatementInformation
Sales $
Cost of goods sold $
Balance Sheet
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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Balance Sheet AnalysisComplete the balance sheet and sales information in the tablethat follows for J. White Industries using the following financialdata:Total assets turnover: 1.6Gross profit margin on sales: (Sales - Cost of goods sold)/Sales =25%Total liabilities-to-assets ratio: 45%Quick ratio: 1.05Days' sales outstanding (based on 365-day year): 36.5 daysInventory turnover ratio: 3.75Do not round intermediate calculations. Round your answers tothe nearest whole dollar.Partial Income StatementInformationSales$ Cost of goods sold$ Balance SheetCash$ Accounts payable$ Accounts receivable$ Long-term debt$ 50,000Inventories$ Common stock$ Fixed assets$ Retained earnings$ 100,000Total assets$ 400,000Total liabilities and equity$

Partial Income StatementInformation
Sales	$
Cost of goods sold	$

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	$