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Balance Sheet Analysis Complete the balance sheet and sales information in the table that follows for J. White Industries using the following financial data: Total
Balance Sheet Analysis Complete the balance sheet and sales information in the table that follows for J. White Industries using the following financial data: Total assets turnover: 1.6 Gross profit margin on sales: (Sales - Cost of goods sold)/Sales = 25% Total liabilities to assets ratio: 50% Quick ratio: 1.00 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 $ Cost of goods sold Balance Sheet Assets Cash $ Accounts receivable Inventones Foxed assets Total assets $ Liabilities and Equity Accounts payable $ Long-term debe Common stock Retained earnings Total liabilities and equity $ 50,000 400,000 100,000 lenker
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