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

question 2

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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Definitions:

Bureaucratic Organization

A type of organization structured through a hierarchy of authority with a clear set of rules and procedures aimed at achieving efficiency and predictability in operations.

ID Numbers

Unique sequences of numbers assigned to individuals or entities for identification purposes.

Deans Teaching

A situation where deans, who are senior academic officials in universities, engage directly in teaching courses, usually in their field of expertise.

Charismatic Authority

Authority based in the perception of remarkable personal qualities in a leader.