Multiple Choice
During the year 2015, Sanchez Corp. sold goods and earned revenue of $16,000,000. The company's beginning total assets was $8,000,000. Its assets turnover ratio was 1.6 times. Calculate the ending total assets of Sanchez.
A) $12,000,000
B) $8,000,000
C) $14,000,000
D) $6,000,000
Correct Answer:
Verified
Correct Answer:
Verified
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