Question
The Bramwell Clinic has net income of $200,000 on revenues of $2,000,000. If the firm has total debt of $500,000 and a debt ratio of
The Bramwell Clinic has net income of $200,000 on revenues of $2,000,000. If the firm has total debt of $500,000 and a debt ratio of 50 percent, what is Bramwell's return on assets (ROA)?
a. 5.0%
b. 10.0%
c. 15.0%
d. 20.0%
e. 25.0%
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Personal Financial Planning
Authors: Lawrence J. Gitman, Michael D. Joehnk
11th Edition
0324422865, 978-0324422863
