Total assets turnover: 2.5 Gross profit margin on sales: (Sales - Cost of goods sold) / Sales =27% Total liabilities-to-assets ratio: 40% Quick ratio: 1.00 Days sales outstanding (based on 365-day year): 39.5 days Inventory turnover ratio: 5.0 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. Balance Sheet Analysis TotalassetsturnoverGrossprofitmarginonsalesTotalliabilities-to-assetsratioQuickratioDayssalesoutstandingInventoryturnoverratioTotalassetsLong-termdebtRetainedearningsNumberofdaysinyear2.5027.00%40.00%1.0039.505.00$400,00050,000100,000365 Financial Statements Formulas Partial Income: Sales Cost of good sold Balance Sheet: \begin{tabular}{l|l} \hline Cash & \\ Accounts receivable & \\ Inventories & \\ Fixed assets & \\ Total assets & $400,000 \\ \hline \end{tabular} Accounts payable Long-term debt Common stock Retained earnings Accounts payable Long-term debt \begin{tabular}{|r|c|} \hline & \#N/A \\ \hline 50,000 & \#N/A \\ \hline 100,000 \\ \hline \hline \end{tabular}