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: 1.7 Gross profit margin on sales: (Sales - Cost of goods sold)/Sales = 25% Total liabilities-to-assets ratio: 40% Quick ratio: 0.90 Days' sales outstanding (based on 365-day year): 36.5 days Inventory turnover ratio: 3.50 Do not round intermediate calculations. Round your answers to the nearest whole dollar. Partial Income Statement Information Sales $ 680,000 Cost of goods sold 510,000 Balance Sheet Assets Liabilities and Equity Cash $ 37,500 Accounts payable $ 110,000 Accounts receivable 68,000 Long-term debt 50,000 Inventories 145,714 Common stock 140,000 Fixed assets Retained earnings 100,000 Total assets $ 400,000 Total liabilities and equity $ 400,000.