Net sales are $3,000,000, beginning total, assets are $1,400,000. and the asset turnover is 3.0 times. What is the ending total asset balance?
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Net sales are $3,000,000, beginning total, assets are $1,400,000. and the asset turnover is 3.0 times. What is the ending total asset balance?
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- ▷ NET SALES ARE $3,000,000, BEGINNING TOTAL, ASSETS ARE $1,400,000. AND THE ASSET TURNOVER IS 3.0 TIMES. WHAT IS THE ENDING TOTAL ASSET BALANCE? ▷ A) $1,400,000. ▷ B) 800,000. C) $1,000,000. D) $600,000.Provide correct answer general AccountingH6. BDU Company has net income of $500,000 and average assets of $2,000,000 for the current year. If its asset turnover is 1.25 times, what is its profit margin? Show proper step by step calculation
- Company A has sales of $830, costs of $290 (not including depreciation), depreciation expense of $40, interest expense of $40, and a tax rate of 21 percent, current assets of $260, net fixed assets of $1850, current liabilities of $240, and long-term debt of $700. What is the total asset turnover? (keep two decimal places) Your Answer: 0.39Want Answer please provide itTotal assets balance?