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
|
|
|