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The Script Co. had the following information for 20x1: Accounts receivable turnover 10:1 Total assets turnover 2:1 Average receivables during the year 400,000 Total assets,

The Script Co. had the following information for 20x1:

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

Please show the solution.

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