Net sales are $3495000, beginning total assets are $1412000, and the asset turnover is 3 times. what is the ending total asset balance?

Net sales = $3495000
beginning total assets = $1412000
asset turnover = 3 times.
ending total asset balance = ? = X
Asset Turnover Ratio = Net Sales / Avg Total Assets

3 = $3495000 /(($1412000 + X) / 2)
3 = ($3495000 x 2) / $1412000 + X
3 ($1412000 + X) = $6990000
4236000 + 3X = $6990000
3X = $6990000 - 4236000
3X = $2754000
X = $2754000/3
X = $918000

The business cycle is the periodic but irregular up-and-down movement in economic activity, measured by fluctuations in real gross domestic product (gdp) and other macroeconomic variables. a business cycle is typically characterized by four phases—recession, recovery, growth, and decline—that repeat themselves over time. economists note, however, that complete business cycles vary in length. the duration of business cycles can be anywhere from about two to twelve years, with most cycles averaging six years in length. some business analysts use the business cycle model and terminology to study and explain fluctuations in business inventory and other individual elements of corporate operations. but the term "business cycle" is still primarily associated with larger (industry-wide, regional, national, or even international) business trends.