Question

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

Answer 1

Answer:

Sales =$332,500$

Step-by-step explanation:

Given that Bills pizza has an asset turnover of 3.5.

Total assets - $95000$

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

Here we have total assets = $95000$

Asset turnover $= 3.5$

Hence we get

$\frac{Sales}{95000} =3.5$

Sales = 95000(3.5) = 332,500$

Answer 2

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