Answer :
Let A be asset turnover, R revenue, and S assets. You already know the equation for asset turnover:
A = R/S
Since we need to calculate revenue, we need to modify the equation a bit:
R = A*S
R = 7.2*88000
R = 633,600
This means that Ryan's net sales (revenue) were $633,600.
A = R/S
Since we need to calculate revenue, we need to modify the equation a bit:
R = A*S
R = 7.2*88000
R = 633,600
This means that Ryan's net sales (revenue) were $633,600.