Complete the balance sheet and sales information for J. White Industries using the following financial data:

Total assets turnover: 1.5

Gross profit margin on sales: (sales-cost of goods sold)/sales = 25%

Total liabilities to assists ratio 40%

Quick Ratio: 0.80

Days sales outstanding (based on 365-day year): 36.5 days

Inventory turnovfer ratio: 3.75

Partial Income Statement Information

Sales ____________________

Cost of Goods Sold ____________________

Balance Sheet

Cash _______________________ Accouts Payable ____________

Accounts receivable ________________________ Long term debt 50, 000

Inventories ________________________ Common Stock ______________

Fixed Assets ________________________ Retained earnings 100,000

Total Assets $400,000 Total Liabilities and equity _____________