Net Sales Are $6,000,000, Beginning Total Assets Are $2,800,000, and the Asset

question 99

Multiple Choice

Net sales are $6,000,000, beginning total assets are $2,800,000, and the asset turnover is 3.0 times. What is the ending total asset balance?

• A) $2,000,000
• B) $1,200,000
• C) $2,800,000
• D) $3,200,000