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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

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: 35% Quick ratio: 1.20 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 Liabilities and Equity Cash $

Accounts 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 $

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