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Data Table 2018 2017 Income Statement-partial: n used 18,000 $ Net Income 19,400 Dec. 31, 2018 Dec. 31, 2017 Balance Sheet-partial: 324,000 $ 312,000 Total
Data Table 2018 2017 Income Statement-partial: n used 18,000 $ Net Income 19,400 Dec. 31, 2018 Dec. 31, 2017 Balance Sheet-partial: 324,000 $ 312,000 Total Assets Preferred Stock Common Stock 2,700 $ 180,000 10,000 2,700 169,000 4,500 Retained Earnings 192,700 $ 176,200 Total Stockholders' Equity Luna Exploration Company reported these figures for 2018 and 2017: 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. Select the formula, then enter the amounts to calculate the company's rate of return on common stockholde 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.) = Rate of return on common SE
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