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Complete the balance sheet and sales information in the table that follows for ). White Industries using the following financial data: Total assets turnover: 2
Complete the balance sheet and sales information in the table that follows for ). White Industries using the following financial data: Total assets turnover: 2 Gross profit margin on sales: (Sales - Cost of goods sold)/Sales = 25% Total liabilities-to-assets ratio: 35% Quick ratio: 0.95 Days' sales outstanding (based on 365-day year): 36.5 days Inventory turnover ratio: 4.00 Do not round intermediate calculations. Round your answers to the nearest whole dollar. Partial Income Statement Information Sales Cost of goods sold $ Balance Sheet $ $ $ 50,000 $ Cash Accounts receivable Inventories Fixed assets Total assets $ Accounts payable Long-term debt Common stock Retained earnings Total liabilities and equity $ $ 100,000 $ $ 400,000 Grade it Now Save & Continue
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