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Please show work and formula In the latest year, Photon, Inc. reported $234,452 in net income. The firm maintains a debt ratio of 24% and

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Please show work and formula

In the latest year, Photon, Inc. reported \$234,452 in net income. The firm maintains a debt ratio of 24% and has total assets of $2,802,889. What is Photon's return on equity? Round your percentage answer to two decimals if needed. Do not type the \% symbol

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