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Determine Rogers return on stockholders equity

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Reference no: EM132868969

Problem - Return on Stockholders' Equity - Rogers Inc. had 500,000 shares of $2 par common stock outstanding at the end of both 2015 and 2016. Retained earnings at the end of 2015 amounted to $1,800,000. No dividends were paid during 2016, and net income for the year was $400,000. Determine Rogers' return on stockholders' equity for 2016.

Reference no: EM132868969

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