The Meryl Corporation's common stock is currently 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)?
A) 8.0%
B) 10.0%
C) 12.0%
D) 16.7%
E) 20.0%

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The Answer of The Meryl Corporation's common stock is currently 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)?
A) 8.0%
B) 10.0%
C) 12.0%
D) 16.7%
E) 20.0%

The Meryl Corporation's Common Stock Is Currently Selling at $100