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Grady Home Health has a profit margin of 15 percent on sales of $20 million. If the firm has debt of $7.5 million and total

Grady Home Health has a profit margin of 15 percent on sales of $20 million. If the firm has debt of $7.5 million and total assets of $22.5 million, what is Grady's return on assets?

a. 13.3%

b. 10.9%

c. 9.3%

d. 8.6%

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