Moss Company's asset turnover for the year was 3.0. The firm's total assets were $2,500,000 at the beginning of the year and $3,100,000 at the end. Net sales for year were:
A) $6,300,000
B) $1,377,778
C) $6,975,000
D) $8,400,000
E) None of the above
Correct Answer:
Verified
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