Net Sales Are $3,250,000, Beginning Total Assets Are $1,400,000, and the Asset

Multiple Choice

Net sales are $3,250,000, beginning total assets are $1,400,000, and the asset turnover is 2.5 times. What is the ending total asset balance?

A) $1,300,000
B) $1,200,000
C) $1,400,000
D) $1,500,000