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: 1.4 Gross profit margin on sales: (Sales - Cost of goods sold)/Sales - 20% Total liabilities-to-assets ratio: 35% Quick ratio: 0.70 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 Cost of goods sold Balance Sheet Assets Cash $ Accounts receivable Inventories 50,000 Liabilities and Equity Accounts payable Long-term debt Common stock Retained earnings Total liabilities and equity $ Fixed assets 100,000 Total assets $ 400,000