During 2018, Landers Corp. had net sales of $17,000,000. The beginning total assets were $8,600,000....
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During 2018, Landers Corp. had net sales of $17,000,000. The beginning total assets were $8,600,000. The asset turnover ratio was 1.5 times. Calculate the ending total assets of Landers. (Round any intermediate calculations to two decimal places, and your final answer to the nearest dollar.)
A)14,266,667
B)5,666,667
C)14,066,666
D)8,600,000
The correct answer was C. Can someone explain how to get this?
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