Determine the Dollar Amount of Total Assets for a Venture

question 91

Multiple Choice

Determine the dollar amount of total assets for a venture with the following financial information: revenues = $500,000; net profit = $70,000; and asset turnover = 2.0 times.

• A)$100,000
• B)$250,000
• C)$375,000
• D)$500,000

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Definitions:

Market Size

The total volume or value of sales within a defined market over a specific period of time.

Social Media Tools

Online platforms and technologies that facilitate the creation, sharing, or exchange of information, ideas, and other forms of expression among people.

End User Profile

A detailed description of the final consumer or user of a product or service, including demographics, preferences, and behaviors.

Biggest Fears

The most significant anxieties or phobias that individuals or groups face, often impacting decisions or behaviors.