Calculate the return on equity from the data.
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.........