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OpenStudy (anonymous):
The asset turnover of Ryan Company is 7.2. The total assets of Ryan are $88,000. Ryan's net sales were:
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OpenStudy (anonymous):
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.
OpenStudy (anonymous):
WOW I really screwed Ryan over, I keep getting $6336 LOL
OpenStudy (anonymous):
Medal?
OpenStudy (anonymous):
Thank You genius 12!!!
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