Question: I am looking for the correct answer to this general accounting problem using valid accounting standards. Golden Fields Ltd. reports the following financial data: Net

I am looking for the correct answer to this general accounting problem using valid accounting standards.

Golden Fields Ltd. reports the following financial data: Net Income = $400,000 Sales = $4,000,000 Total Asset Turnover = 2.5 Equity Multiplier = 2.2 The company has no preferred stock. Calculate Total Assets

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