During 2017,Sanchez Corp

question 177

Multiple Choice

During 2017,Sanchez Corp.had net sales of $16,400,000.The beginning total assets were $8,900,000.The asset turnover ratio was 1.7 times.Calculate the ending total assets of Sanchez.

• A)$10,394,118
• B)$8,900,000
• C)$15,652,941
• D)$6,752,941

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