Question
Consider the following financial data for J. White Industries: Total assets turnover: 1.5 Gross profit margin on sales: (Sales - Cost of goods sold)/Sales =
Consider the following financial data for J. White Industries: Total assets turnover: 1.5 Gross profit margin on sales: (Sales - Cost of goods sold)/Sales = 28% Total liabilities-to-assets ratio: 60% Quick ratio: 1.10 Days sales outstanding (based on 365-day year): 36.5 days Inventory turnover ratio: 6.0 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
Cost of goods sold $ fill in the blank
Balance Sheet Cash $ fill in the blank
Accounts payable $ fill in the blank
Accounts receivable $ fill in the blank
Long-term debt $
Inventories $ fill in the blank
Common stock $ fill in the blank
Fixed assets $ fill in the blank
Retained earnings $
Total assets $
Total liabilities and equity $ fill in the blank
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