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

Question:

Complete the and sales information in the table that follows for J. White Industries using the following financial data:
Debt ratio: 40%
Quick ratio: 0.80
Total assets turnover: 1.5
Days sales outstanding: 36.5 daysa
Gross profit margin on sales: (Sales - Cost of goods sold)/Sales 5 25%
: 5.0
Calculation is based on a 365-day year.
Balance sheet

Complete the balance sheet and sales information in the table

Inventory Turnover Ratio
Inventory Turnover RatioThe inventory turnover ratio is a ratio of cost of goods sold to its average inventory. It is measured in times with respect to the cost of goods sold in a year normally. Inventory Turnover Ratio FormulaWhere,... Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...