Net sales are $6,000,000, beginning total assets are $2,800,000, and the asset turnover is 3.0 times. What is the ending total asset balance?
A) $2,000,000
B) $1,200,000
C) $2,800,000
D) $3,200,000

Question

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The Answer of Net sales are $6,000,000, beginning total assets are $2,800,000, and the asset turnover is 3.0 times. What is the ending total asset balance?
A) $2,000,000
B) $1,200,000
C) $2,800,000
D) $3,200,000

Net Sales Are $6,000,000, Beginning Total Assets Are $2,800,000, and the Asset