Consider the following financial data for J. White Industries: Total assets turnover: 1.2 Gross profit margin on sales: (Sales - Cost of goods sold)/Sales = 27% Total liabilities-to-assets ratio: 45% Quick ratio: 0.90 Days sales outstanding (based on 365-day year): 29.5 days Inventory turnover ratio: 4.0 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.
Consider the following financial data for J. White Industries: Total assets turnover: 1.2 Gross profit margin on sales: (Sales - Cost of goods sold)/Sales = 27% Total liabilities-to-assets ratio: 45% Quick ratio: 0.90 Days sales outstanding (based on 365-day year): 29.5 days Inventory turnover ratio: 4.0 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.
Fundamentals of Financial Management, Concise Edition (MindTap Course List)
9th Edition
ISBN:9781305635937
Author:Eugene F. Brigham, Joel F. Houston
Publisher:Eugene F. Brigham, Joel F. Houston
Chapter4: Analysis Of Financial Statements
Section: Chapter Questions
Problem 7DQ: From the Google Finance site, use the DuPont analysis to determine the total assets turnover ratio...
Related questions
Question
100%
Excel Online Structured Activity: Balance Sheet Analysis
Consider the following financial data for J. White Industries:
Total assets turnover: 1.2
Gross profit margin on sales: (Sales - Cost of goods sold)/Sales = 27%
Total liabilities-to-assets ratio: 45%
Quick ratio: 0.90
Days sales outstanding (based on 365-day year): 29.5 days
Inventory turnover ratio: 4.0
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.
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 | $ fill in the blank 2 |
Cost of goods sold | $ fill in the blank 3 |
Balance Sheet
Cash | $ fill in the blank 4 | Accounts payable | $ fill in the blank 5 |
Accounts receivable | $ fill in the blank 6 | Long-term debt | $ 50,000 |
Inventories | $ fill in the blank 7 | Common stock | $ fill in the blank 8 |
Fixed assets | $ fill in the blank 9 | $ 100,000 | |
Total assets | $ 400,000 | Total liabilities and equity | $ fill in the blank 10 |
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 2 images
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Fundamentals of Financial Management, Concise Edi…
Finance
ISBN:
9781305635937
Author:
Eugene F. Brigham, Joel F. Houston
Publisher:
Cengage Learning
Survey of Accounting (Accounting I)
Accounting
ISBN:
9781305961883
Author:
Carl Warren
Publisher:
Cengage Learning
College Accounting, Chapters 1-27 (New in Account…
Accounting
ISBN:
9781305666160
Author:
James A. Heintz, Robert W. Parry
Publisher:
Cengage Learning
Fundamentals of Financial Management, Concise Edi…
Finance
ISBN:
9781305635937
Author:
Eugene F. Brigham, Joel F. Houston
Publisher:
Cengage Learning
Survey of Accounting (Accounting I)
Accounting
ISBN:
9781305961883
Author:
Carl Warren
Publisher:
Cengage Learning
College Accounting, Chapters 1-27 (New in Account…
Accounting
ISBN:
9781305666160
Author:
James A. Heintz, Robert W. Parry
Publisher:
Cengage Learning