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

question 122

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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