Excel Online Structured Activity: Balance Sheet Analysis Consider the following financial data for J. White Industries: Total assets...

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Excel Online Structured Activity: Balance Sheet Analysis
Consider the following financial data for J. WhiteIndustries:
Total assets turnover: 2.6
Gross profit margin on sales: (Sales - Cost of goods sold)/Sales =21%
Total liabilities-to-assets ratio: 50%
Quick ratio: 0.90
Days sales outstanding (based on 365-day year): 38 days
Inventory turnover ratio: 6.0
The data has been collected in the Microsoft Excel Online filebelow. Open the spreadsheet and perform the required analysis toanswer the questions below.
Open spreadsheet
Complete the balance sheet and sales information in the tablethat follows for J. White Industries. Do not round intermediatecalculations. Round your answers to the 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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Excel Online Structured Activity: Balance Sheet AnalysisConsider the following financial data for J. WhiteIndustries:Total assets turnover: 2.6Gross profit margin on sales: (Sales - Cost of goods sold)/Sales =21%Total liabilities-to-assets ratio: 50%Quick ratio: 0.90Days sales outstanding (based on 365-day year): 38 daysInventory turnover ratio: 6.0The data has been collected in the Microsoft Excel Online filebelow. Open the spreadsheet and perform the required analysis toanswer the questions below.Open spreadsheetComplete the balance sheet and sales information in the tablethat follows for J. White Industries. Do not round intermediatecalculations. Round your answers to the 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	$