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Company return on equity

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You are evaluating a company's financial statements and see on the income statement that over the last year the company had $289 million in operating income, $69 million in interest expense, and paid $84 million in taxes. Looking at the balance sheet you see that the company had $613 million in long term debt, $662 million in shareholders' equity, and $4.4 billion in total assets. What was the company's return on equity? (Enter your answer as a percent, e.g., if the answer is 5.3% enter 5.3, not 0.053)

Reference no: EM133005236

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