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(3-11) Complete the balance sheet and sales information in the table that follows for J. White Balance Sheet Industries, using the following financial data: Analysis
(3-11) Complete the balance sheet and sales information in the table that follows for J. White Balance Sheet Industries, using the following financial data: Analysis Total assets turnover: 1.5 Gross profit margin on sales: (Sales - Cost of goods sold)/Sales =25% Total liabilities-to-assets ratio: 40% Quick ratio: 0.80 Days sales outstanding (based on 365-day year): 36.5 days Inventory turnover ratio: 3.75
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