Question
In: Finance
Balance Sheet Analysis Complete the balance sheet and sales information in the table that follows for...
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 =
25%
Total liabilities-to-assets ratio: 45%
Quick ratio: 0.80
Days' sales outstanding (based on 365-day year): 36.5 days
Inventory turnover ratio: 3.75
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 | Liabilities and Equity | |||||
| Cash | $ | Accounts payable | $ | |||
| Accounts receivable | Long-term debt | 50,000 | ||||
| Inventories | Common stock | |||||
| Fixed assets | Retained earnings | 100,000 | ||||
| Total assets | $ | 400,000 | Total liabilities and equity | $ | ||
Solutions
Expert Solution
SEE THE IMAGE. ANY DOUBTS, FEEL FREE TO ASK. THUMBS UP PLEASE
jeff jeffy answered 2 years agoRelated Solutions
Balance Sheet Analysis Complete the balance sheet and sales information in the table that follows for...
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: 1.7
Gross profit margin on sales: (Sales - Cost of goods sold)/Sales =
20%
Total liabilities-to-assets ratio: 50%
Quick ratio: 0.80
Days' sales outstanding (based on 365-day year): 36.5 days
Inventory turnover ratio: 3.25
Do not round intermediate calculations. Round your answers to
the nearest whole dollar.
Partial Income Statement
Information
Sales
$...
Balance Sheet Analysis Complete the balance sheet and sales information in the table that follows for...
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: 45%
Quick ratio: 1.00
Days' sales outstanding (based on 365-day year): 36.5 days
Inventory turnover ratio: 3.75
Do not round intermediate calculations. Round your answers to
the nearest whole dollar.
Partial Income Statement
Information
Sales
$ ...
Balance Sheet Analysis Complete the balance sheet and sales information in the table that follows for...
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 =
30%
Total liabilities-to-assets ratio: 50%
Quick ratio: 1.10
Days' sales outstanding (based on 365-day year): 36.5 days
Inventory turnover ratio: 3.25
Do not round intermediate calculations. Round your answers to
the nearest whole dollar.
Partial Income Statement
Information
Sales
$ ...
Balance Sheet Analysis Complete the balance sheet and sales information in the table that follows for...
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: 2.7
Gross profit margin on sales: (Sales - Cost of goods sold)/Sales
= 21%
Total liabilities-to-assets ratio: 60%
Quick ratio: 1.15
Days sales outstanding (based on 365-day year): 33 days
Inventory turnover ratio: 5.0
Round your answers to the nearest whole dollar.
Partial Income Statement Information
Sales $
Cost of goods sold $...
Balance Sheet Analysis Complete the balance sheet and sales information in the table that follows for...
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: 1.3
Gross profit margin on sales: (Sales - Cost of goods sold)/Sales =
30%
Total liabilities-to-assets ratio: 50%
Quick ratio: 1.20
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.
Sales: 520,000
Cost of Goods sold:...
Balance Sheet Analysis Complete the balance sheet and sales information in the table that follows for...
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: 1.6
Gross profit margin on sales: (Sales - Cost of goods sold)/Sales =
25%
Total liabilities-to-assets ratio: 45%
Quick ratio: 1.05
Days' sales outstanding (based on 365-day year): 36.5 days
Inventory turnover ratio: 3.75
Do not round intermediate calculations. Round your answers to
the nearest whole dollar.
Partial Income Statement
Information
Sales
$ ...
Balance Sheet Analysis Complete the balance sheet and sales information in the table that follows for...
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 =
25%
Total liabilities-to-assets ratio: 40%
Quick ratio: 1.10
Days sales outstanding (based on 365-day year): 39.5 days
Inventory turnover ratio: 4.0
Do not round intermediate calculations. Round your answers to
the nearest whole dollar.
Partial Income
Statement
Information
Sales
$ ...
Balance Sheet Analysis Complete the balance sheet and sales information in the table that follows for...
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
Gross profit margin on sales: (Sales - Cost of goods sold)/Sales =
24%
Total liabilities-to-assets ratio: 55%
Quick ratio: 0.75
Days sales outstanding (based on 365-day year): 36.5 days
Inventory turnover ratio: 5.0
Do not round intermediate calculations. Round your answers to
the nearest whole dollar.
Partial Income
Statement
Information
Sales
$ ...
Balance Sheet Analysis Complete the balance sheet and sales information in the table that follows for...
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: 1.3
Gross profit margin on sales: (Sales - Cost of goods sold)/Sales =
23%
Total liabilities-to-assets ratio: 55%
Quick ratio: 1.25
Days sales outstanding (based on 365-day year): 33 days
Inventory turnover ratio: 6.0
Round your answers to the nearest whole dollar.
Partial Income
Statement
Information
Sales
$
Cost of goods sold
$ ...
Complete problem: Balance Sheet Analysis o Complete the balance sheet and sales information in the table...
Complete problem: Balance Sheet Analysis
o Complete the balance sheet and sales information in the table
that follows for XYZ, Inc., using the following financial data:
o Show your work.
Total assets turnover: 1.5 Gross profit margin on sales: (Sales
– Cost of goods sold)/Sales = 25% Total liabilities-to-assets
ratio: 40% Quick ratio: 0.80 Days sales outstanding (based on
365-day year): 36.5 days Inventory turnover ratio: 3.75 Partial
Income Statement Information
_______________________________________________________________________________________
Sales ____________
Cost of goods sold ____________
Balance...
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