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

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Definitions:

Anterior Cavity

A body cavity that includes the thoracic, abdominal, and pelvic cavities; it houses and protects the body's internal organs.

Posterior Cavity

A body cavity located towards the back of the human body, housing the brain and spinal cord within its cranial and spinal subdivisions.

Conjunctiva

The thin, transparent membrane lining the inner surface of the eyelid and covering the white part of the eyeball.

Mucous Membrane

A layer of epithelial cells that produce mucus, lining various cavities and tubes in the body to protect against infection.