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During 2017,Sanchez Corp

question 91

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During 2017,Sanchez Corp.had net sales of $17,100,000.The beginning total assets were $8,500,000.The asset turnover ratio was 2 times.Calculate the ending total assets of Sanchez.(Round any intermediate calculations to two decimal places,and your final answer to the nearest dollar. )

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Definitions:

Environmental Scanning

The act of monitoring developments outside the firm’s control with the goal of detecting and responding to threats and opportunities.

SWOT Analysis

A strategic planning tool used to identify Strengths, Weaknesses, Opportunities, and Threats related to business competition or project planning.

Environmental Scanning

The process of systematically gathering, analyzing, and managing external information about the factors that could impact an organization's future plans.

Marketing Position

The unique space a brand or product occupies in the minds of the target market, often relative to competitors.

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