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Determine the Return on Assets (ROA)for a Venture with the Following

Question 30

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 = 2.0 times.


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

Correct Answer:

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