A company has an asset turnover ratio of 1.

The asset turnover ratio is calculated as: Asset Turnover Ratio=Total SalesTotal AssetsAsset Turnover Ratio=Total AssetsTotal Sales​

Given:

Asset Turnover Ratio = 1.8

Total Assets = $5,000

To find the total sales volume: Total Sales=Asset Turnover Ratio×Total AssetsTotal Sales=Asset Turnover Ratio×Total Assets Total Sales=1.8×5,000=9,000Total Sales=1.8×5,000=9,000

Thus, the total sales volume for the company is $9,000.

References:

Brigham, E.F., & Houston, J.F. (2018). Fundamentals of Financial Management. Cengage Learning.

Ross, S.A., Westerfield, R.W., & Jaffe, J. (2013). Corporate Finance. McGraw-Hill Education.