A company has a return on assets (ROA) of 8%. The company is funded by 60% debt (at 49 Interest rate) and 40% equity with a return on equity (ROE) of 9%. Is the company practicing sound financial management? (3 points) a. No, because the ROE is outside of industry norms. b. No, because the ROA is lower than the cost of financing C. Yes, because the ROA is greater than the cost of financing d. Yes, because the ROA is lower than the cost of financing Nesta 1 hp 1 - $ % 4 5 0) 7 8 9 o E R T Y U