Return on stockholders equity

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Reference no: EM13939359

Return on Stockholders' Equity

Rogers Inc. had 600,000 shares of $2 par common stock outstanding at the end of both 2013 and 2014. Retained earnings at the end of 2013 amounted to $2,160,000. No dividends were paid during 2014, and net income for the year was $600,000.

Determine Rogers' return on stockholders' equity for 2014. Round your answer to two decimal places.

Reference no: EM13939359

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