Rogers Inc. had 500,000 shares of $2 par common stock outstanding at the end of both 2015

Question:

Rogers Inc. had 500,000 shares of $2 par outstanding at the end of both 2015 and 2016. Retained earnings at the end of 2015 amounted to $1,800,000. No dividends were paid during 2016, and net income for the year was $400,000. Determine Rogers' return on stockholders' equity for 2016.
Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on...