Question

Bill's Pizza has an asset turnover of 3.5. The total assets of Bill's were $95,000. The net sales of Bill's Pizza is:

Answer 1

So the first step of the problem is to work out how much assets we started with. So this should be 95,000 / 3.5 right?

Answer 2

So if we know how much assets we started with, then i'll leave it to you to work out how much sales were actually made =)

Answer 3

Let me know if you get stuck