Hii expert please given answer general accounting Green Enterprises reports net sales of $4,500,000, beginningtotal assets of $2,100,000, and an asset turnover ratio of 2.25times. Calculate the ending total asset balance.

Step 1: Define Asset Turnover RatioThe Asset Turnover Ratio measures a company's efficiency in using…

Answered: Green Enterprises reports net sales of…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter12: Balanced Scorecard And Other Performance Measures

Section: Chapter Questions

Problem 6EA: During the current year, Sokowski Manufacturing earned income of $350,000 from total sales of...

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Ans
New Corporation reported net sales of $4,500,000 for the year. The company’s beginning total assets were $1,900,000, and its asset turnover ratio was 3.0 times. Based on this information, what is the ending total asset balance?
Brad’s BBQ reported sales of $735,000 and net income of $28,000. Brad’s also reported ending total assets of $496,000 and beginning total assets of $389,000.Required:Calculate the return on assets, the profit margin, and the asset turnover ratio for Brad’s BBQ.
Dundee Company reported the following for the current year: Net sales Cost of goods sold Beginning balance of total assets. Ending balance of total assets Compute total asset turnover. Numerator. 1 1 $ 100,800 72,000 127,000 97,880 Total Asset Turnover Denominator: = = = Total Asset Turnover Total asset turnover times

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Green Enterprises reports net sales of $4,500,000, beginning total assets of $2,100,000, and an asset turnover ratio of 2.25 times. Calculate the ending total asset balance.