Net Sales Are $2,700,000, Beginning Total Assets Are $700,000, and the Asset

question 266

Multiple Choice

Net sales are $2,700,000, beginning total assets are $700,000, and the asset turnover is 3.0. What is the ending total asset balance?

• A) $900,000
• B) $1,100,000
• C) $700,000
• D) $800,000

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Definitions:

Adult Cigarette

A roll of tobacco designed for smoking, primarily used by adults, associated with various health risks, including lung cancer, cardiovascular diseases, and respiratory disorders.

Efficiency

The ability to accomplish a task with the least waste of time and effort.

Effectiveness

The degree to which a procedure, when used under usual or everyday conditions, achieves the intended effect or results, distinguishing it from efficacy, which is measured under idealized conditions.

Efficacy

The ability to produce a desired or intended result.