A+ Work



Balance Sheet Analysis
Complete the balance sheet and sales information in the table that follows for J. White Industries using the following financial data:
Total assets turnover: 2.9
Gross profit margin on sales: (Sales – Cost of goods sold)/Sales = 25%
Total liabilities-to-assets ratio: 55%
Quick ratio: 1.05
Days sales outstanding (based on 365-day year): 34 days
Inventory turnover ratio: 4.0