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Balance Sheet Analysis Complete the balance sheet and sales information in the table that follows for J. White Industries using the following financial data:
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: 2.7 Gross profit margin on sales: (Sales - Cost of goods sold)/Sales -30% Total liabilities-to-assets ratio: 45% Quick ratio: 1.00. Days' sales outstanding (based on 365-day year): 36.5 days Inventory turnover ratio: 3.00. Do not round intermediate calculations. Round your answers to the nearest whole dollar. Partial Income Statement Information Sales Cost of goods sold Balance Sheet Cash $ Accounts payable $ Accounts receivable $ Inventories $ Fixed assets $ Long-term debt Common stock Retained earnings $ 50,000. $ $ 100,000 Total assets i $ 400,000 Total liabilities and equity $
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