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

Verified Answer :

Aliwohaish12

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

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$

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