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: $1\mathrm{.}6$

Gross profit margin on sales: $($Sales $-$ Cost of goods sold$)\frac{?}{?}$ Sales $=30\%$

Total liabilities$-$to$-$assets ratio: $35\%$

Quick ratio: $1\mathrm{.}20$

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

Inventory turnover ratio: $3\mathrm{.}25$

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

Partial Income Statement Information

$\backslash$table$[[$Sales$,640,000$

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: $1\mathrm{.}6$

Gross profit margin on sales: $($Sales $-$ Cost of goods sold$)/$Sales $=30\%$

Total liabilities$-$to$-$assets ratio: $35\%$

Quick ratio: $1\mathrm{.}20$

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

Inventory turnover ratio: $3\mathrm{.}25$

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

Partial Income Statement Information

$\backslash$table$[[$Sales$,640,000$