Consider the following financial data for J. White Industries:

Total assets turnover: 1.9 Gross profit margin on sales: (Sales - Cost of goods sold)/Sales = 30% Total liabilities-to-assets ratio: 60% Quick ratio: 0.85 Days sales outstanding (based on 365-day year): 38 days Inventory turnover ratio: 6.0

Balance Sheet Analysis
Total assets turnover	1.90
Gross profit margin on sales	30.00%
Total liabilities-to-assets ratio	60.00%
Quick ratio	0.85
Days sales outstanding	38.00
Inventory turnover ratio	6.00
Total assets	$400,000
Long-term debt	50,000
Retained earnings	100,000
Number of days in year	365

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