Tax expense 96 The income statement and balance sheet for Meridian Corporation at December 31 are shown below. Dollar amounts are in $ millions. 2020 2019 2018 2020 2019 Cash $ 350 $ 56 $ 43 Sales $ 2,021 $ 1,708 Marketable securities 0 465 387 Cost of goods sold 942 846 Accounts receivables 26 7 10 Gross profit $ 1,079 $ 862 Inventories 248 201 169 Selling, general & admin 562 386 Prepayments 28 24 20 EBITDA 517 476 Total current assets $ 652 $ 753 $ 629 Depreciation expense 106 90 Property, plant & equip, net 1,568 1,343 1,173 EBIT 411 386 Total assets $ 2,220 $ 2,096 $ 1,802 Interest expense 58 50 Pretax income 353 336 Accounts payable $ 84 $ 58 $ 79 137 131 Short-term borrowing 54 33 0 Net inome $ 216 $ 205 Other current liabilities 140 193 Total current liabilities $ 234 $ 231 $ 272 Long-term debt 750 713 632 Other non-current liabilities 85 214 165 Total liabilities $ 1,069 $ 1,158 $ 1,069 Common stock 141 141 141 Retained earnings 1,013 797 592 Total shareholders' equity $ 1,151 $ 938 $ 733 Total liab & stkhldrs' eq $ 2,220 $ 2,096 $ 1,802 What is Meridian Corporation's return on assets (ROA) and return on equity (ROE) for 2020? O a. ROA = 9.7%; ROE = 23.0% O b. ROA = 9.8%; ROE = 21.9% O c. ROA = 10.5%; ROE = 24.5% O d. ROA = 10.2%; ROE= 21.3% e. ROA = 10.0%; ROE = 20.7%