Balance Sheet Analysis Complete the balance sheet and sales information in the table that follows for 1. White Industries using the following financial data Total assets turnover 18 Gross profit margin on sales (Sales Cost of goods sold/Sales = 20% Total liabilities to assets ratio: 50% Quick ratio: 1.10 Days' sales outstanding (based on 365 day year) 365 days Inventory tumover ratio 3.25 Do not round intermediate calculations. Round your answers to the nearest whole dollar Partial Income Statement Information Sales $ 720000 Cost of goods sold 576000 Balance Sheet Assets Cash $ Accounts receivable Inventories 72000 50,000 Libilities and Equity Accounts payable Long-term debt Common stock Retained earnings Total abilities and equity 5 100,000 Fixed assets 5 Total assets 400,000 40000 Check My Work