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How much is the total assets as of December

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Reference no: EM132637942

Question - 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

Reference no: EM132637942

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