2. Gardial & Son has an ROA of 12% a 5% profit margin and a return on equity equ

2. Gardial & Son has an ROA of 12% a 5% profit margin and a return on equity equal to20%. What is the companys total assets turnover? What is the firms equity multiplier?3. Complete the balance sheet and sales information in the table that follows for J. WhiteIndustries using the following financial data:Total assets turnover: 1.5Gross 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 daysInventory turnover ratio: 3.75Partial Income Statement InformationSales _______Cost of goods sold _______Balance SheetCash _______ Accounts payable ______Accounts receivable _______ Long-term debt 50000Inventories _______ Common stock ______Fixed assets _______ Retained earnings 100000Total assets $400000 Total liabilities and equity ________