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The Meryl Corporation's common stock currently is selling at $100 per share, which represents a P/E ratio of 10. If the firm has 100 shares of common stock outstanding, a return on equity of 20 percent, and a debt ratio of 60 percent, what is its return on total assets (ROA)?

Select one:

a. 8.0%

b. 10.0%

c. 12.0%

d. 16.7%

e. 20.0%

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M939597

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