3. Complete the balance sheet and sales information in the table that follows J. White Industries using the following financial data: Debt ratio :-60% (Total Liabilities/Total Assets) Quick ratio 0.95 (Current Assets-inventory) Current Liabilities Total asset turnover-2.00 Sales/Total Asset Days sales outstanding- 24 days (Accounts receivable/(sales 365)) Gross profit margin 20% (Sales-cost of goods sold)/sales Inventory turnover 8.0 Cost of goods sold/inventory Balance Sheet Cash Accounts payable Long-term debt Common stock Retained Earnings $95,000 Total Liabilities & Equity Cost of goods sold A/R Inventories Fixed Assets S150,000 Total Assets $350.000 Sales