Final answer:
To find the net sales of Brandburg and Associates, we can use the formula for asset turnover. Given that the asset turnover is 7.2 and the total assets are $88,000, the net sales can be calculated as $633,600.
Step-by-step explanation:
To find the net sales of Brandburg and Associates, we can use the formula for asset turnover:
Asset turnover = Net Sales / Total Assets
We are given that the asset turnover is 7.2 and the total assets are $88,000. Therefore, we can rearrange the formula to solve for net sales:
Net Sales = Asset Turnover x Total Assets
Substituting the given values, we have:
Net Sales = 7.2 x $88,000
Net Sales = $633,600
Therefore, Brandburg and Associates' net sales are $633,600.