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The balance sheet of Colton Corporation shows long term debt of 550 million and shareholder equity of $50 million, while their income statement shows EBIT
The balance sheet of Colton Corporation shows long term debt of 550 million and shareholder equity of $50 million, while their income statement shows EBIT of 9167 milion and interestepenses of million Colton has a tax bracket of what is their return on equity (ROE)? Your answer should be between and 17.46 rounded to 2 decimal places with no special characters
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