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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 =
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 = 28% Total liabilities-to-assets ratio: 60% Quick ratio: 0.80 Days sales outstanding (based on 365-day year): 31 days Inventory turnover ratio: 5.0
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.
Balance Sheet Analysis | |||
Total assets turnover | 1.80 | ||
Gross profit margin on sales | 28.00% | ||
Total liabilities-to-assets ratio | 60.00% | ||
Quick ratio | 0.80 | ||
Days sales outstanding | 31.00 | ||
Inventory turnover ratio | 5.00 | ||
Total assets | $400,000 | ||
Long-term debt | 50,000 | ||
Retained earnings | 100,000 | ||
Number of days in year | 365 | ||
Financial Statements | Formulas | ||
Partial Income: | |||
Sales | #N/A | ||
Cost of good sold | #N/A | ||
Balance Sheet: | |||
Cash | #N/A | ||
Accounts receivable | #N/A | ||
Inventories | #N/A | ||
Fixed assets | #N/A | ||
Total assets | $400,000 | ||
Accounts payable | #N/A | ||
Long-term debt | 50,000 | ||
Common stock | #N/A | ||
Retained earnings | 100,000 | ||
Total liabilities and equity | #N/A |
Please show full formulas thank you
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