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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: 3

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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: 3 Gross profit margin on sales: (Sales - Cost of goods sold)/Sales - 26% Total liabilities-to-assets ratio: 50% Quick ratio: 1.15 Days sales outstanding (based on 365-day year): 35 days Inventory turnover ratio: 6.0 Do not round intermediate calculation sound 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 Chak Me Work

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