Question

Consider the following financial data for J. White Industries: Total assets turnover: 1.5 Gross profit margin on sales: (Sales - Cost of goods sold)/Sales = 30% Total liabilities-to-assets ratio: 35% Quick ratio: 0.85 Days sales outstanding (based on 365-day year): 36 days Inventory turnover ratio: 6.0 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. 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 Statement Information Sales Cost of goods sold $ Balance Sheet Cash to Accounts receivable to $ 50,000 Inventories to Accounts payable Long-term debt Common stock Retained earnings Total liabilities and equity Fixed assets to $ 100,000 Total assets $ 400,000 $

Answer 1

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? v 1x 03:36 ENG 23-02-2020 12 A 1 BALANCESHEET ANALYSIS B C D E F G H I J K L M 1.5 30% 35% 0.85 36 3 TOTAL ASSETS TURNOVER 4 GROSS PROFIT MARGIN 5 TOTAL LIABILITIES TO ASSETS RATIO 6 QUICK RATIO 7 DAYS SALES OUTSTANDING 8 INVENTORY TURNOVER RATIO 9 TOTAL ASSETS 10 LONG TERM DEBT 11 RETAINED EARNINGS 12 NO OF DAYS IN A YEAR 400000 50000 100000 365 14 FINANCIAL STATEMENTS 15 PARTIAL INCOME STATEMENT 16 SALES 17 COGS 600000 [=B3*39] 420000 (=B16*(1-B4)] 19 BALANCE SHEET 20 CASH 21 ACCOUNTS RECEIVABLE 22 INVENTORIES 23 FIXED ASSETS 24 TOTAL ASSETS Sheet1 Sheet2 Sheet3 17321.92 (=B26*B6-B21] 59178.08 (=B16*B7/B12] 70000 (=B17/B8] 253500 (=B24-B22-B21-B20] 400000 WHITE Sheet4 EAR Sheets Sheet6 •

? v 1x 03:36 ENG 23-02-2020 12 D13 - X fix A B C D E F G H I J K L M 131 600000 [=B3*39] 420000 (=B16*(1-B4)] 14 FINANCIAL STATEMENTS 15 PARTIAL INCOME STATEMENT 16 SALES 17 COGS 18 19 BALANCE SHEET 20 CASH 21 ACCOUNTS RECEIVABLE 22 INVENTORIES 23 FIXED ASSETS 24 TOTAL ASSETS 25 26 ACCOUNTS PAYABLE 27 LONG TERM DEBT 28 COMMON STOCK 29 RETAINED EARNINGS 30 TOTAL LIABILITIES AND EQUITY 17321.92 (=B26*B6-B21] 59178.08 (=B16*B7/B12] 70000 (=B17/B8] 253500 (=B24-B22-B21-B20] 400000 90000 [=B5*B9-B10] 50000 160000 (=B30-B26-B27-B29] 100000 400000 (=B24] Sheet1 Sheet2 Sheet3 WHITE Sheet4 EAR Sheets Sheet6