During the Year 2015, Sanchez Corp

question 60

Multiple Choice

During the year 2015, Sanchez Corp. sold goods and earned revenue of $16,000,000. The company's beginning total assets was $8,000,000. Its assets turnover ratio was 1.6 times. Calculate the ending total assets of Sanchez.

• A)$12,000,000
• B)$8,000,000
• C)$14,000,000
• D)$6,000,000

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