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Calculate the return on equity from the data

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Reference no: EM1313945

Calculate the return on equity from the data.

selected information for Henry Company is as follows.

 

2006

2007

common stock 

600,000

600,000

additional paid-in capital 

250,000

250,000

retained earnings 

170,000

370,000

net income for year 

120,000

240,000

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

Reference no: EM1313945

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