Excel Online Structured Activity: Balance Sheet Analysis Consider the following financial data for 3. White Industries: Total assets turnover: 2.6 Gross profit margin on sales: (Sales-Cost of goods sold)/Sales = 25% Total liabilities-to-assets ratio: 35% Quick ratio: 1.00 Days sales outstanding (based on 365-day year): 30.5 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 Cost of goods sold $ 1040000 821600 Balance Sheet Cash Accounts receivable $ 26726 108274 Accounts payable Long-term debt $ 150000 $50,000 Inventories $ Fixed assets 136033 128067) Common stock 100000 Retained earnings $ 100,000 Total assets $400,000 Total Batties and equity 400000 Check My Work Reset