Net sales are $4,500,000, beginning total assets are $1,800,000, and the asset turnover is 2.5 times. What is the ending total asset balance?

Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter15: Capital Investment Analysis
Section: Chapter Questions
Problem 15.1.1MBA
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What is the ending total balance?

Net sales are $4,500,000,
beginning total assets are
$1,800,000, and the asset
turnover is 2.5 times. What
is the ending total asset
balance?
Transcribed Image Text:Net sales are $4,500,000, beginning total assets are $1,800,000, and the asset turnover is 2.5 times. What is the ending total asset balance?
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