Use the following data: Net sales $3,385,000 Beginning total assets $915,000 Asset turnover 4 What is the ending total asset balance?
Use the following data: Net sales $3,385,000 Beginning total assets $915,000 Asset turnover 4 What is the ending total asset balance?
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter12: Fainancial Statement Analysis
Section: Chapter Questions
Problem 52CE: Asset Efficiency Ratios Selected financial statement numbers for Rutherford Company follow....
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Transcribed Image Text:Use the following data:
Net sales
$3,385,000
Beginning total assets $915,000
Asset turnover
4
What is the ending total asset balance?
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