Consider the following financial data for J. White Industries:

Total assets turnover: 1.8 Gross profit margin on sales: (Sales - Cost of goods sold)/Sales = 29% Total liabilities-to-assets ratio: 60% Quick ratio: 0.85 Days sales outstanding (based on 365-day year): 30 days Inventory turnover ratio: 3.0

The data has been collected in the Microsoft Excel Online file below. Open the spreadsheet and perform the required analysis to answer the questions below.

Open spreadsheet

Complete the balance sheet and sales information in the table that follows for J. White Industries. Do not round intermediate calculations. Round your answers to the nearest whole dollar.

Partial Income	Statement Information
Sales	$ fill in the blank 2
Cost of goods sold	$ fill in the blank 3

Balance Sheet

Cash	$ fill in the blank 4	Accounts payable	$ fill in the blank 5
Accounts receivable	$ fill in the blank 6	Long-term debt	$ 50,000
Inventories	$ fill in the blank 7	Common stock	$ fill in the blank 8
Fixed assets	$ fill in the blank 9	Retained earnings	$ 100,000
Total assets	$ 400,000	Total liabilities and equity	$ fill in the blank 10