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Net sales are $8,000,000, beginning total assets are $2,500,000, and the asset turnover is 4.0 times. What is the ending total asset balance? $2,500,000 $2,500,000

Net sales are $8,000,000, beginning total assets are $2,500,000, and the asset turnover is 4.0 times. What is the ending total asset balance?

$2,500,000

$2,500,000

$2,000,000

$1,500,000

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