Q1) Selected information for Henry Company is given below.
| |
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, for 2007 is?