Question 3-15

ent Theory and Practice 3rd edition. pdf Adobe Keader 15%. What will be the level of accounts receivable following the change? Assume a 365day year. In the table that follows, complete the balance sheet and sales information for J. White Industries using the following financial data: Quick ratio: 0.80x Total assets turnover: 1.5x Days sales outstanding; 36.5 days 3-15 Balance Sheet Analysis NEL 4 Chapter 3 Analysis of Financial S atements Gross profit margin on sales: Sales-Cost of goods sold) /Sales-25% Inventory turnover ratio: 3.75x Average payables period: 89 22 days Balance Sheet