Find the return on equity from the data

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Reference no: EM1313950

Determine the return on equity from the data given.

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: EM1313950

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