Video Excel Online Structured Activity Balance Sheet Analysis Consider the following financial data for J. White Industries Total assets turnover 18 Gross profit margin on sales: (Sales - Cost of goods soldy sales - 21% Total liabilities-to-assets ratio: 60% Quick ratio: 1.00 Days sales outstanding (based on 365-day year): 30 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 3. White Industries. Do not round intermediate calculations. Round your answers to the nearest whole dollar Partial Income Statement Information Sales Cost of goods sold $ $ Balance Sheet $ Cash Accounts receivable $ $ $ Inventories Fixed assets Total assets Accounts payable Long term debt Common stock Retained earnings Total liabilities and equity $50,000 $ $100.000 $ $400,000 $ Check My Work Reset Pro B C D 1.80 21.00% 60.00% 1.00 38.00 6.00 $400.000 50,000 100,000 365 Formula 1 Balance Sheet Anstyala 2 3 Total assets tumorer 4 Gross proft margin on sales 5 Total liabilities-to-assets ratio 6 Quick ratio 7 Days sales outstanding 8 hertory tumorer ratio 9 Total assets 10 Longterm dett 11 Retained earings 12. Number of days in year 13 14 Financial Statemente 15 Patial home 16 Sales 17 Cost ofgood sold 18 19 Balance Sheet: 20 Cash 21 Accounts receivable 22 hvertories 23 Fixed asses 24 Total assets 25 26 Accounts payable 27 Long term debt 28 Common stock 29 Reained earrings 30 Total liabilities and equity 31 32 33 34 35 36 #NA #N/A #N/A #N/A #N/A #N/A $400,000 #NA 50,000 #NA 100,000 #NA