Page 11 of 11 LO6: Use the asset turnover ratio to evaluate business performance Asset Turnover Ratio = Net Sales Revenue / Average Total Assets Problem 26 (S-F:9-14): Biagas, Inc. had net sales of $55,600,000 for the year ended May 31, 2018. Its beginning and ending total assets were $52,800,000 and $98,500,000, respectively. Determine Biagas's asset turnover ratio for year ended May 31, 2018