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Return on Stockholders' Equity Rogers inc. had 400,000 shares of $2 par common stock outstanding at the end of both 2015 and 2016 . Retained
Return on Stockholders' Equity Rogers inc. had 400,000 shares of $2 par common stock outstanding at the end of both 2015 and 2016 . Retained earnings at the end of 2015 amounted to $1,440,000. No dividends were paid during 2016 , and net income for the year was $320,000. Determine Rogers' retum on stockholders' equity for 2016. flound your answer to two decimal places
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