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Q3.11 Complete the balance sheet and sales information in the table that follows for J. White Industries using the following financial data: Total assets turnover:
Q3.11
Complete the balance sheet and sales information in the table that follows for J. White Industries using the following financial data: Total assets turnover: 1.8 Gross profit margin on sales: (Sales - Cost of goods sold) / Sales =25% Total liabilities-to-assets ratio: 45% Quick ratio: 1.00 Days' sales outstanding (based on 365-day year): 36.5 days Inventory turnover ratio: 3.75 Do not round intermediate calculations. Round your answers to the nearest whole dollarStep by Step Solution
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