Roggers Company's Beginning and Ending Total Assets in the Year

question 129

Multiple Choice

Roggers Company's beginning and ending total assets in the year 2015 were $18,000,000 and $22,000,000, respectively. Its assets turnover ratio for the year was calculated to be 1.75 times. Calculate the amount of net sales for the year 2015.

• A)$27,000,000
• B)$42,000,000
• C)$35,000,000
• D)$48,000,000