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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