contestada

bills pizza has an asset turnover of 3.5. the total assets of bills were $95,000. what is bill's pizza net sales?

Respuesta :

Aliwohaish12
Total asset turnover=net sales/total asset
Assume net sales x
3.5=x/95000
X=3.5*95000=332,500

Answer:

Sales =[tex]332,500$[/tex]

Step-by-step explanation:

Given that Bills pizza has an asset turnover of 3.5.

Total assets - [tex]$95000[/tex]

We know that asset turnover is the ratio of net sales to total assets.

Here we have total assets = [tex]95000$[/tex]

Asset turnover [tex]= 3.5[/tex]

Hence we get

[tex]\frac{Sales}{95000} =3.5[/tex]

Sales = 95000(3.5) = 332,500$