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2024 2023 Income Statementpartial: Net Income $18,200 $19,000 Dec. 31, 2024 Dec. 31, 2023 Balance Sheetpartial: Total Assets $328,000 $319,000 Preferred Stock $2,000 $2,000 Common

2024

2023

Income Statementpartial:

Net Income

$18,200

$19,000

Dec. 31, 2024

Dec. 31, 2023

Balance Sheetpartial:

Total Assets

$328,000

$319,000

Preferred Stock

$2,000

$2,000

Common Stock

181,000

171,000

Retained Earnings

9,000

3,500

Total Stockholders' Equity

$192,000

$176,500

Select the formula, then enter the amounts to calculate the company's rate of return on common stockholders' equity for

2024.

(Abbreviation used: SE = stockholders' equity. Complete all input boxes. Enter "0" for any zero amounts. Round your answer to the nearest whole percent.)

(

-

)

=

Rate of return on common SE

(

-

)

=

%

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