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: 1.5 Gross profit margin on sales: (Sales - Cost of goods sold)/Sales = 20% Total liabilities-to-assets ratio: 35% Quick ratio: 0.90 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 $ 600000 Cost of goods sold 480000 Balance Sheet Assets Liabilities and Equity Cash $ Accounts payable $ Accounts receivable 60000 Long-term debt 50,000 Inventories 128000 Common stock Fixed assets 192000 Retained earnings 100,000 Total assets $ 400,000 Total liabilities and equity $ 400000