Roggers Company's Beginning and Ending Total Assets in the Year

Multiple Choice

Roggers Company's beginning and ending total assets in the year 2015 were $18,000,000 and $22,000,000, respectively. Its assets turnover ratio for the year was calculated to be 1.75 times. Calculate the amount of net sales for the year 2015.

A) $27,000,000
B) $42,000,000
C) $35,000,000
D) $48,000,000