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:

Leather Work Boots

Durable footwear made from leather, designed to provide protection and support for the feet in various work environments.

Asbestos Dust

Fine particles generated from asbestos materials, known for their hazardous health implications when inhaled.

Personal Hygiene

Personal Hygiene encompasses the practices and habits a person adheres to for cleaning and maintaining their body's health, important for preventing disease and keeping oneself and surrounding individuals healthy.

Class-B Rated

A classification referring to the fire resistance and safety standards of electrical insulation or equipment, indicating a medium level of temperature tolerance.