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? answer this
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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? answer this
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- A company reports the following: Sales $2,400,000 Average total assets (excluding long-term investments) 1,500,000 Determine the asset turnover ratio. Round your answer to one decimal place.fill in the blank 119. Using the following information, calculate the return on assets. Net income for November Total assets, November 1 Total assets, November 30 $ Identify the formula and then solve for return on assets (ROA). (Round the ROA to the nearest tenth percent, X.X%.) ROA + 4,710 55,000 102,000 + = %19. Using the following information, calculate the return on assets. Net income for November Total assets, November 1 5,000 76,000 Total assets, November 30 80,250 ... Identify the formula and then solve for return on assets (ROA). (Round the ROA to the nearest tenth percent, X.X%.) ÷ ROA %