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Accounts receivable turnover 10:1 Total assets turnover 2:1 Average receivables during the year 400,000 Total assets, January 1, 20x1 800,000 How much is the total

Accounts receivable turnover

10:1

Total assets turnover

2:1

Average receivables during the year

400,000

Total assets, January 1, 20x1

800,000

How much is the total assets as of December 31, 20x1?

a. 4,000,000

b. 3,800,000

c. 3,200,000

d. 2,800,000

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