Consider the following financial data for J. White Industries: Total assets turnover: 1.7 Gross profit margin on sales: (Sales - Cost of goods sold)/Sales = 24% Total liabilities-to-assets ratio: 35% Quick ratio: 1.05 Days sales outstanding (based on 365-day year): 28 days Inventory turnover ratio: 3.0 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: 1.7 Gross profit margin on sales: (Sales - Cost of goods sold)/Sales = 24% Total liabilities-to-assets ratio: 35% Quick ratio: 1.05 Days sales outstanding (based on 365-day year): 28 days Inventory turnover ratio: 3.0 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.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text:Consider the following financial data for J. White Industries:
Total assets turnover: 1.7
Gross profit margin on sales: (Sales - Cost of goods sold)/Sales = 24%
Total liabilities-to-assets ratio: 35%
Quick ratio: 1.05
Days sales outstanding (based on 365-day year): 28 days
Inventory turnover ratio: 3.0
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.
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
$
$
Statement
Information
Transcribed Image Text: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
$
$
Fixed assets
Total assets
Statement
Information
Cash
$
Accounts receivable $
Inventories
$
$
$ 400,000
Accounts payable
Long-term debt
Common stock
Retained earnings
Total liabilities and equity
$ 50,000
$
$ 100,000
$
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