Multiple Choice
Determine the dollar amount of revenues for a venture with the following financial information: net profit = $60,000; assets turnover = 1.5 times; and return on assets 30%.
A) $300,000
B) $500,000
C) $800,000
D) $1,000,000
E) $1,200,000
Correct Answer:
Verified
Correct Answer:
Verified
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