Question

The asset turnover of Ryan Company is 7.2. The total assets of Ryan are $88,000. Ryan's net sales were:

Answer 1

Let A = Asset turnover, R = Revenue, and S = assets
A = R/S
We know S = 88'000 and A = 7.2
7.2 = R/88'000
R = 7.2 * 88'000
R = 633'600

Therefore, Ryan's net sales (revenue) was 633'600.

Answer 2

WOW I really screwed Ryan over, I keep getting $6336 LOL

Answer 3

Medal?

Answer 4

Thank You genius 12!!!