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: 1.6
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 | $ |
| Cost of goods sold | $ |
Balance Sheet
| 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
jeff jeffy answered 1 year 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: 1.2
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
$ ...
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: 1.8
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
$ ...
Problem 7-11 Balance Sheet Analysis Complete the balance sheet and sales information in the table that...
Problem 7-11
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: 1.5
Gross profit margin on sales: (Sales - Cost of goods sold)/Sales =
24%
Total liabilities-to-assets ratio: 35%
Quick ratio: 0.95
Days sales outstanding (based on 365-day year): 31.5 days
Inventory turnover ratio: 5.0
Round your answers to the nearest whole dollar.
Partial Income
Statement
Information
Sales
$
Cost of goods...
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