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Calculate the return on equity

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Reference no: EM1313943

Calculate the return on equity from the information.

selected information for Henry Company is as follows.

 

2006

2007

common stock

600000

600000

additional paid-in capital

250000

250000

retained earnings

170000

370000

net income for year

120000

240000

 

 

 

Henry's return on common stockholder's equity, rounded to the nearest percentage point, for 2007 is.........

.........................

 

 

your estimation

 

 

 

Reference no: EM1313943

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