Balance Sheet Analysis Complete the balance sheet and sales information in the table that follows for J. White Industrie
Posted: Tue Jan 18, 2022 1:00 pm
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: 1.8
Gross profit margin on sales: (Sales - Cost of goods sold)/Sales =
20%
Total liabilities-to-assets ratio: 40%
Quick ratio: 0.80
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.
Complete the balance sheet and sales information in the table
that follows for J. White Industries using the following financial
data:
Total assets turnover: 1.8
Gross profit margin on sales: (Sales - Cost of goods sold)/Sales =
20%
Total liabilities-to-assets ratio: 40%
Quick ratio: 0.80
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.