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Calculate Return on assets given that:  Profit = 10,000 Inventory = 2,000 Account Receiable = 3000 Cash = 5000 Fixed assets = 10,000  Group of answer choices 50% 60% 70% 80% 55%

Calculate Return on assets given that:  Profit = 10,000 Inventory = 2,000 Account Receiable = 3000 Cash = 5000 Fixed assets = 10,000  Group of answer choices 50% 60% 70% 80% 55%

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Calculate Return on assets given that: 

Profit = 10,000

Inventory = 2,000

Account Receiable = 3000

Cash = 5000

Fixed assets = 10,000 

Group of answer choices
50%
60%
70%
80%
55%
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