Selected information for Henry Company is as follows: Average common stock $600,000 Average additional paid-in capital 250,000
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Selected information for Henry Company is as follows:
Average common stock $600,000 Average additional paid-in capital 250,000 Average retained earnings 370,000 Sales revenue for year 915,000 Net income for year 240,000 Henry’s return on equity, rounded to the nearest percentage point, is
a. 20 percent
b. 21 percent
c. 28 percent
d. 40 percent
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Related Book For
Cornerstones Of Financial Accounting Current Trends Update
ISBN: 9781111527952
1st Edition
Authors: Jay Rich , Jeff Jones, Maryanne Mowen , Don Hansen
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