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Return on Stockholders' Equity Rogers Inc. had 600,000 shares of $2 par common stock outstanding at the end of both 2016 and 2017. Retained earnings
Return on Stockholders' Equity Rogers Inc. had 600,000 shares of $2 par common stock outstanding at the end of both 2016 and 2017. Retained earnings at the end of 2016 amounted to $2,160,000. No dividends were paid during 2017, and net income for the year was $520,000. Determine Rogers' return on stockholders' equity for 2017. Round your answer to two decimal places. 30.95 x %
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