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Otrada [13]
3 years ago
9

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

Mathematics
2 answers:
Delicious77 [7]3 years ago
7 0

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$

Rudiy273 years ago
5 0
Total asset turnover=net sales/total asset
Assume net sales x
3.5=x/95000
X=3.5*95000=332,500
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