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Grady Home Health has a profit margin of 15 percent on sales of $20,000,000. If the firm has debt of $7,500,000 and total assets of
Grady Home Health has a profit margin of 15 percent on sales of $20,000,000. If the firm has debt of $7,500,000 and total assets of $22,500,000, what is Grady's return on assets (ROA)?
A | 13.3 percent |
B | 10.9 percent |
C | 8.0 percent |
D | 5.3 percent |
E | 3.1 percent |
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