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Can someone please show their work on how to do this? Thank you X E13-38 (similar to) Luna Exploration Company reported these figures for 2018
Can someone please show their work on how to do this? Thank you
X E13-38 (similar to) Luna Exploration Company reported these figures for 2018 and 2017: E (Click the icon to view the partial financial reports.) Compute rate of return on common stockholders' equity for 2018 assuming no dividends were declared or paid to preferred stockholders Click the icon to see the worked Solution. Select the formula, then enter the amounts to calculate the company's rate of return on common stockholders' equity for 2018. (Abbreviation used: SE = stockholders' equity. Complete all input boxes. Enter "O" for any zero amounts. Round your answer to the nearest whole percent.) Net income Preferred dividends Average common SE Rate of return on common SE $ 17,600 0 ) / $ 181,500 10 % Data Table ( = 2018 2017 Income Statement-partial: $ 17,600 $ 19,300 Net Income Dec. 31, 2018 Dec. 31, 2017 Balance Sheet-partial: $ 326,000 $ 317,000 $ Total Assets Preferred Stock Common Stock Retained Earnings Total Stockholders' Equity 2,000 $ 175,000 12,000 189.000 $ 2,000 170,000 6,000 $ 178,000 Print DoneStep by Step Solution
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