Complete the balance sheet and sales information in the


Complete the balance sheet and sales information in the table that follows for J. White Industries using the following financial data: TOTAL ASSETS turnover: 1.5 Gross profit margin on sales: (Sales - COGS)/sales = 25% Total Liabilities-to-assets ratio: 40% Quick ratio: 0.80 Days sales outstanding (based on 365-day year) 36.5 days Inventory turnover ratio: 375 Partial Income Stmt Info Sales COGS Balance Sheet Cash Acct Recv Accounts Payable Inventories Long-Term debt Fixed Assets Common Stock Total Assets Retained Earnings Total Liab & Equity

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Financial Management: Complete the balance sheet and sales information in the
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