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Q1) Selected information for Henry Company is given below.

  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, for 2007 is?

Accounting Basics, Accounting

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  • Reference No.:- M922618

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