menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Accounting Principles
  4. Exam
    Exam 18: Financial Statement Analysis
  5. Question
    Net Sales Are $8000000 Beginning Total Assets Are $2500000 and the Asset
Solved

Net Sales Are $8000000 Beginning Total Assets Are $2500000 and the Asset

Question 190

Question 190

Multiple Choice

Net sales are $8000000 beginning total assets are $2500000 and the asset turnover is 4.0 times. What is the ending total asset balance?


A) $2000000
B) $1500000
C) $2800000
D) $2500000

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q185: In performing a vertical analysis the base

Q186: Profitability ratios are frequently used as a

Q187: A general rule to use in assessing

Q188: Horizontal analysis (trend analysis) percentages for

Q189: Noble Company had net income of $175000

Q191: Ratios are used as tools in financial

Q192: A stockholder is interested in the ability

Q193: The following amounts were taken from

Q194: The three basic tools of analysis are

Q195: The following information pertains to Ortiz

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines