Excel Online Structured Activity: Balance Sheet Analysis

Consider the following financial data for J$.$ White Industries:

Total assets turnover: $2\mathrm{.}4$

Gross profit margin on sales: $($Sales $-$ Cost of goods sold$)/$Sales $=22\%$

Total liabilities$-$to$-$assets ratio: $50\%$

Quick ratio: $0\mathrm{.}75$

Days sales outstanding $($based on $365-$day year$)$: $29\mathrm{.}5$ days

Inventory turnover ratio: $5\mathrm{.}0$

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.

Partial Income

Sales

Cost of goods sold

Balance Sheet

Cash

Accounts receivable

Inventories

Fixed assets

Total assets

Statement

Information

$

$

$

Accounts payable

Numeric field $-$term debt

$

Common stock

$

Retained earnings

$$400,000$

Total liabilities and equity

$

$ $50,000$

$

$ $100,000$

$

Fill in the missing blanks.....