Return on stockholders equityrogers inc had 500000 shares, Ask an Expert

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Return on Stockholders' Equity

Rogers Inc. had 500,000 shares of $3 par common stock outstanding at the end of both 2013 and 2014. Retained earnings at the end of 2013 amounted to $2,700,000. No dividends were paid during 2014, and net income for the year was $590,000.

Determine Rogers' return on stockholders' equity for 2014. Round your answer to two decimal places.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91608281

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