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 - Cost of goods sold)/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: 3.75

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Partial Income Statement Information Sales Cost of goods sold Balance Sheet Ch Accounts receivable Inventories Fixed assets Total assets Accounts payable Long-term debt Common stock Retained earnings 50,000 100,000 400,000 lities and equity