Dodgers corp.'s beginning and ending total assets in the year 2019 were $19,900,000 and $22,100,000, respectively. its asset turnover ratio for the year was calculated to be 1.8 times. calculate the amount of net sales for the year 2019.

net sales will be 37,800,000 dollars

Explanation:

Assets turnover: This represent how many dollars of sales were generated per dollar of assets. The formula for this ratio is the following:

where:

average assets:

( beginning + ending assets ) / 2 = (19,900,000 + 22,1000,000)/2 = 21,000,000

and assets TO 1.8

Now we plug these values on the formula, and solve for sales:

sales = 1.8 x 21,000,000 = 37,800,000

a ab

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