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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: Total

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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: Total assets turnover: 1.6 Gross profit margin on sales: (Sales - Cost of goods sold/Sales = 25% Total liabilities to assets ratio: 50% Quick ratio: 1.00 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 5 Cost of goods sold Balance Sheet Assets Cash $ Accounts receivable Inventones Fored assets Total assets Liabilities and Equity Accounts payable $ Long-term debt Common stock Retained earrings Total liabilities and equity 50,000 100,000 400,000

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