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Complete the balance sheet and sales information in the table that follows for J. White...

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Finance

Complete the balance sheet and sales information in the table that follows for J. White Industries using the following financial data: Total assets turnover: 1.4 Gross profit margin on sales: (Sales - Cost of goods sold)/Sales = 25% Total liabilities-to-assets ratio: 40% Quick ratio: 0.70 Days' sales outstanding (based on 365-day year): 36.5 days Inventory turnover ratio: 3.75 Do not round intermediate calculations. Round your answers to the nearest whole dollar. Partial Income Statement Information

Sales $ 560000

Cost of goods sold $420000

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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