Net sales are $1,500,000, beginning total assets are $700,000, and the asset turnover is 3.0. What is the ending total asset balance?
A) $500,000
B) $300,000
C) $700,000
D) $400,000

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The Answer of Net sales are $1,500,000, beginning total assets are $700,000, and the asset turnover is 3.0. What is the ending total asset balance?
A) $500,000
B) $300,000
C) $700,000
D) $400,000

Net Sales Are $1,500,000, Beginning Total Assets Are $700,000, and the Asset