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