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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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