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: $1\mathrm{.}2$

Gross profit margin on sales: $($Sales $-$ Cost of goods sold$)/$Sales $=30\%$

Total liabilities$-$to$-$assets ratio: $35\%$

Quick ratio: $1\mathrm{.}10$

Days' sales outstanding $($based on $365-$day year$)$: $36\mathrm{.}5$ days

Inventory turnover ratio: $3\mathrm{.}50,$

Do not round intermediate calculations. Round your answers to the nearest whole dollar.

Partial Income Statement Information

Sales

Cost of goods sold

Balance Sheet Information

$\backslash$table$[[$Cash$,$$$,],[$Accounts receivable,,$],[$Inventories$,,],[$Fixed assets,,$],[$Total assets,$$,400,000]]$

Accounts payable

Long$-$term debt

Common stock

Retained earnings

Total liabilities and equity