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: $1\mathrm{.}4$

Gross profit margin on sales: $($Sales $-$ Cost of goods sold$)/$Sales $=25\%$

Total liabilities$-$to$-$assets ratio: $40\%$

Quick ratio: $0\mathrm{.}80$

Days' sales outstanding $($based on $365-$day year$)$: $36\mathrm{.}5$ days

Inventory turnover ratio: $3\mathrm{.}50$

Do not round intermediate calculations. Round your answers to the nearest whole dollar.

Partial Income Statement Information

Sales

Cost of goods sold

Balance Sheet