Rogers Inc. had 500,000 shares of $2 par common stock outstanding at the end of both 2011

Question:

Rogers Inc. had 500,000 shares of $2 par common stock outstanding at the end of both 2011 and 2012. Retained earnings at the end of 2011 amounted to $1,800,000. No dividends were paid during 2012, and net income for the year was $400,000. Determine Rogers' return on stockholders' equity for 2012.
Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on...
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Question Posted: