Problem 3-11 Balance Sheet Analysis Complete the balance sheet and sales information in the table that follows for). White Industries using the following financial data: Total assets turnover: 2 Gross profit margin on sales: (Sales - Cost of goods sold)/Sales - 29% Total liabilities-to-assets ratio: 40% Quick ratio: 1.05 Days sales outstanding (based on 365-day year): 35 days Inventory turnover ratio: 3.0 Do not round intermediate calculations. Round your answers to the nearest whole dollar. Partial Income Statement Information Sales $ 800,000 Cost of goods sold $ X Balance Sheet Cash $ Accounts payable $ 110,000 Accounts receivable Long-term debt 50,000 Inventories X Common stock Fixed assets Retained earnings 100,000 Total assets $ 400,000 Total liabilities and equity $ 400,000