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Complete the balance sheet and sales information in the table that follows for J. White...

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Complete the balance sheet and sales information in the table that follows for J. White Industries using the following financial data: Total assets turnover: 1.4 Gross profit margin on sales: (Sales - Cost of goods sold)/Sales = 30% Total liabilities-to-assets ratio: 45% Quick ratio: 0.70 Days' sales outstanding (based on 365-day year): 36.5 days Inventory turnover ratio: 3.50 Do not round intermediate calculations. Round your answers to the nearest whole dollar. Partial Income Statement Information Sales $ Cost of goods sold Balance Sheet Assets Cash $ Liabilities and Equity Accounts payable $ Long-term debt 50,000 Accounts receivable Inventories Fixed assets 100,000 Common stock Retained earnings 400,000 Total liabilities and $ equity Total assets $

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