Video Excel Online Structured Activity: Balance Sheet Analysis Consider the following financial data for J. White Industries: Total assets turnover: 21 Gross profit margin on sales: (Sales Cost of goods sold/Sales - 229 Total liabilities to assets ratio: 40% Quick ratio: 1.10 Days sales outstanding Coved on 365 day year): 39 days Inventory tumover ratio: 6.0 The data has been collected in the Microsoft Excel Online ke below; Open the spreadsheet and perform the required analyses to answer the question below. X DAD SRL 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 he data has been collected in the Microsoft Excel Online file below. Open the spreadsheet and perform the required analysis to answer the questions b X Open seadihet Complete the balance sheet and sales information in the table that follows for 3. White Industries. Do not round intermediate calculations. Round your an nearest whole dollar Statement Information Partial Income Sales Cost of goods sold Balance Sheet Cash Accounts receivable Inventories Fixed assets Total assets 5 $ $ Accounts payable Long-term debt Common stock Retained earnings Total abilities and equity $50,000 $ $ $ $100,000 $ 400,000 Check My Work Reset Problem Balance Sheet Analysis 2.10 22.00% 40.00% 1.10 39.00 6.00 $400,000 50,000 100,000 365 3 Total assets turnover Gross profit margin on sales 5 Total liabilities-to-assets ratio Quick ratio 7 Days sales outstanding 8 Inventory turnover ratio 9 Total assets 10 Long-term debt 71 Retained earnings 12 Number of days in year 13 14 Financial Statements 15 Partial Income 16 Sales 17 Cost of good sold 18 19 Balance Sheet 20 Cash 21 Accounts receivable 22 Inventores 23 Fixed assets Total accate Formulas #N/A #N/A #N/A #N/A #N/A #N/A 94 $400.000 E > E > 10 Arial > 5 B16 fx B D E IT #N/A #N/A #N/A $400,000 A 21 Accounts receivable 22 Inventories 23 Fixed assets 24 Total assets 25 26 Accounts payable 27 Long-term debt 28 Common stock 29 Retained earnings 30 Total liabilities and equity 31 #N/A 50,000 #N/A 100,000 #N/A