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Consider the following financial data for J. White Industries: Total assets turnover: 2.7 Gross profit margin on sales: (Sales- Cost of goods sold)/Sales - 26% Total liabilities-to-assets ratio: 55% Quick ratio: 0.95 Day's sales outstanding (based on 365-day year): 28 days Inventory turnover ratio: 7.0 4 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. mmm Open spreadsheet Complete the balance sheet and sales information in the table that follows for J. White Industries. Do not round intermediate calculations. Round your answers to the nearest whole dollar. Partial Income Sales Cost of goods sold Balance Sheet Cash Accounts receivable Inventories Fixed assets Total assets $ $ $ Statement Information $ $ $ $400,000 Accounts payable Long-term debt Common stock Retained earnings Total liabilities and equity $ $ 50,000 $ $ 100,000 $

Consider the following financial data for J. White Industries: Total assets turnover: 2.7 Gross profit margin on sales: (Sales- Cost of goods sold)/Sales - 26% Total liabilities-to-assets ratio: 55% Quick ratio: 0.95 Day's sales outstanding (based on 365-day year): 28 days Inventory turnover ratio: 7.0 4 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. mmm Open spreadsheet Complete the balance sheet and sales information in the table that follows for J. White Industries. Do not round intermediate calculations. Round your answers to the nearest whole dollar. Partial Income Sales Cost of goods sold Balance Sheet Cash Accounts receivable Inventories Fixed assets Total assets $ $ $ Statement Information $ $ $ $400,000 Accounts payable Long-term debt Common stock Retained earnings Total liabilities and equity $ $ 50,000 $ $ 100,000 $

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Excel Online Structured Activity: Balance Sheet Analysis Consider the following financial data for J. White Industries: Total assets turnover: 2.7 Gross profit margin on sales: (Sales - Cost of goods sold)/Sales = 26% Total liabilities-to-assets ratio: 55% Quick ratio: 0.95 Days sales outstanding (based on 365-day year): 28 days Inventory turnover ratio: 7.0 4 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, X Open spreadsheet Complete the balance sheet and sales information in the table that follows for J. White Industries. Do not round intermediate calculations, Round your answers to the nearest whole dollar. Partial Income Sales Cost of goods sold Balance Sheet Cash Accounts receivable Inventories Fixed assets Total assets $ $ $ Statement Information $ $ $ $ 400,000 Accounts payable Long-term debt Common stock Retained earnings Total liabilities and equity $ $ 50,000 $ $ 100,000 $
Transcribed Image Text:Excel Online Structured Activity: Balance Sheet Analysis Consider the following financial data for J. White Industries: Total assets turnover: 2.7 Gross profit margin on sales: (Sales - Cost of goods sold)/Sales = 26% Total liabilities-to-assets ratio: 55% Quick ratio: 0.95 Days sales outstanding (based on 365-day year): 28 days Inventory turnover ratio: 7.0 4 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, X Open spreadsheet Complete the balance sheet and sales information in the table that follows for J. White Industries. Do not round intermediate calculations, Round your answers to the nearest whole dollar. Partial Income Sales Cost of goods sold Balance Sheet Cash Accounts receivable Inventories Fixed assets Total assets $ $ $ Statement Information $ $ $ $ 400,000 Accounts payable Long-term debt Common stock Retained earnings Total liabilities and equity $ $ 50,000 $ $ 100,000 $
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