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Net sales are $1550000, beginning total assets are $500000, and the asset turnover is 2.5. What is the ending total asset balance? $500000 $525000 $740000

Net sales are $1550000, beginning total assets are $500000, and the asset turnover is 2.5. What is the ending total asset balance?

$500000

$525000

$740000

$620000

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