Consider the following financial data for J. White Industries:

Total assets turnover: 2.2 Gross profit margin on sales: (Sales - Cost of goods sold)/Sales = 29% Total liabilities-to-assets ratio: 50% Quick ratio: 0.80 Days sales outstanding (based on 365-day year): 34.5 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	$
Cost of goods sold	$

Balance Sheet

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	$