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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The Answer of 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%

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