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    Net Sales Are $2,700,000, Beginning Total Assets Are $750,000, and the Asset
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Net Sales Are $2,700,000, Beginning Total Assets Are $750,000, and the Asset

Question 137

Question 137

Multiple Choice

Net sales are $2,700,000, beginning total assets are $750,000, and the asset turnover is 3.0. What is the ending total asset balance?


A) $900,000.
B) $1,050,000.
C) $600,000.
D) $1,125,000.

Correct Answer:

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