Video Excel Online Structured Activity: Balance Sheet Analysis Consider the following financial data for J. White Industries: Total assets turnover: 1.3 Gross profit margin on sales: (Sales - Cost of goods sold)/Sales = 24% Total liabilities-to-assets ratio: 45% Quick ratio: 1.20 Days sales outstanding (based on 365-day year): 38.5 days Inventory turnover ratio: 6.0 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 ). White Industries. Do not round intermediate calculations. Round your answers to the nearest whole dollar. Partial Income Statement Information 600000 $ Sales Cost of goods sold $ Balance Sheet Cash $ $ Accounts receivable $ Accounts payable Long-term debt Common stock $ 50,000 Inventories $ $ Fixed assets $ Retained earnings Total liabilities and equity $ 100,000 $ Total assets $ 400,000 Check My Work Reset Problem Video Excel Online Structured Activity: Balance Sheet Analysis Consider the following financial data for J. White Industries: Total assets turnover: 1.3 Gross profit margin on sales: (Sales - Cost of goods sold)/Sales = 24% Total liabilities-to-assets ratio: 45% Quick ratio: 1.20 Days sales outstanding (based on 365-day year): 38.5 days Inventory turnover ratio: 6.0 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 ). White Industries. Do not round intermediate calculations. Round your answers to the nearest whole dollar. Partial Income Statement Information 600000 $ Sales Cost of goods sold $ Balance Sheet Cash $ $ Accounts receivable $ Accounts payable Long-term debt Common stock $ 50,000 Inventories $ $ Fixed assets $ Retained earnings Total liabilities and equity $ 100,000 $ Total assets $ 400,000 Check My Work Reset