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 = 30% Total liabilities-to-assets ratio: 40% Quick ratio: 0.70 Days' sales outstanding (based on 365-day year): 36.5 days Inventory turnover ratio: 3.25 Do not round intermediate calculations. Round your answers to the nearest whole dollar. Partial Income Statement Information Sales 640000 Cost of goods sold 448000 Balance Sheet Liabilities and Equity Cash Accounts payable 11000 110000 Accounts receivable Long-term debt 50,000 64000 Inventories Common stock 137836 Fixed assets Retained earnings 100,000 Assets Total assets $ 400,000 Total liabilities and equity Hide Feedback Partially Correct