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Skinnie May, Inc. had sales revenue of $1,000,000, net profits after tax of $10,000, and a total asset turnover of 2 during the year 2004.

Skinnie May, Inc. had sales revenue of $1,000,000, net profits after tax of $10,000, and a total asset turnover of 2 during the year 2004. What was Skinnie May's Return on Assets (ROA) for 2004?

a) 0.35%

b)2.0%

c)10.2%

d)12.0%

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