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: 2
Gross profit margin on sales: (Sales - Cost of goods sold)/Sales =24%
Total liabilities-to-assets ratio: 55%
Quick ratio: 0.75
Days sales outstanding (based on 365-day year): 36.5 days
Inventory turnover ratio: 5.0
Do not round intermediate calculations. Round your answers tothe nearest whole dollar.
Partial Income Statement
Information
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: 2Gross profit margin on sales: (Sales - Cost of goods sold)/Sales =24%Total liabilities-to-assets ratio: 55%Quick ratio: 0.75Days sales outstanding (based on 365-day year): 36.5 daysInventory turnover ratio: 5.0Do not round intermediate calculations. Round your answers tothe nearest whole dollar.Partial IncomeStatementInformationSales$ 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	Statement Information
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	$