Balance sheet analysis: Complete the balance sheet and sales information in the table that follows for Mr J White Industries using the following financial data:

Total assets turnover 1.5

The gross profit margin on sales: (Sales - Cost of goods sold)/Sales = 25

Total liabilities-to-asset-ratio 40

Quick ratio 0.80

DSO (based on 365 days per year) 36.5 days

Inventory turnover ratio 3.75

Partial Income

Sales

Cost of Goods sold

Balance sheet

Cash Accounts payable

Accounts reveivable Long-term debt $50,000

Inventories Ordinary stock $

Fixed assets Retained earnings $ 100,000

Total Assets $400,000 Total liabilities and equity