Question
Need Help (finance) Consider the following financial data for J. White Industries: Total assets turnover: 2.3 Gross profit margin on sales: (Sales - Cost of
Need Help (finance)
Consider the following financial data for J. White Industries:
Total assets turnover: 2.3 Gross profit margin on sales: (Sales - Cost of goods sold)/Sales = 23% Total liabilities-to-assets ratio: 35% Quick ratio: 0.95 Days sales outstanding (based on 365-day year): 31 days Inventory turnover ratio: 6.0
Total assets turnover | 2.30 |
Gross profit margin on sales | 23.00% |
Total liabilities-to-assets ratio | 35.00% |
Quick ratio | 0.95 |
Days sales outstanding | 31.00 |
Inventory turnover ratio | 6.00 |
Total assets | $400,000 |
Long-term debt | 50,000 |
Retained earnings | 100,000 |
Number of days in year | 365 |
Sales=?
Cost of Goods Sold=?
Cash=?
Accounts Receivable=?
Inventories=?
Fixed Assets=?
Total Assets=$400,000
Accounts Payable=$90,000
Long-term Debt=$50,000
Common Stock=$160,000
Retained Earnings=$100,000
Total Liabilities and Equity=$400,000
Please help and show explanations for solutions if possible. Thanks
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