Determine the Dollar Amount of Net Profit for a Venture

question 64

Multiple Choice

Determine the dollar amount of net profit for a venture with the following financial information: revenues = $500,000; return on assets = 20%; and asset turnover = 2.00 times.

• A) $10,000
• B) $25,000
• C) $50,000
• D) $60,000
• E) $75,000

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