[Solved] Determine the Return on Assets (Roa)for a Venture with the Following

Question 71
Multiple Choice

Determine the return on assets (ROA)for a venture with the following financial information: revenues = $500,000; net profit = $70,000; and asset turnover = 2.00 times.

A)10%
B)14%
C)20%
D)28%
E)34%

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