Home /
Expert Answers /
Finance /
balance-sheet-analysis-complete-the-balance-sheet-and-sales-information-in-the-table-that-follows-pa799
(Solved): Balance Sheet Analysis Complete the balance sheet and sales information in the table that follows ...
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: \( 1.2 \) Gross profit margin on sales: (Sales - Cost of goods sold)/Sales \( =20 \% \) Total liabilities-to-assets ratio: \( 35 \% \) 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.
Expert Answer
Answer: All Amount in Dollars Calculations of Ratios 1 Total Assets Turnover = Turnover / Total Assets 1.2 = Turnover / 400,000 Turnover = 400,000 * 1