Multiple Choice
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) ?
A) 8.0%
B) 10.0%
C) 12.0%
D) 16.7%
E) 20.0%
Correct Answer:
Verified
Correct Answer:
Verified
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