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Lateral Exploration Company reported these figures for 2018 and 2017 EEB (Click the icon to view the partial financial reports.) Compute rate of return on
Lateral Exploration Company reported these figures for 2018 and 2017 EEB (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 stockholders' equity for 2018. (Abbreviation used: SE boxes. Enter "0 for any zero amounts. Round your answer to the nearest whole percent.) Average common SE - - Rate of return on common SE Data Table 2018 2017 Income Statement-partial 18,000 S 18,900 Net Income Dec. 31, 2018 Dec. 31, 2017 Balance Sheet-partial 312,000 2,300 170,000 3,000 175,300 325,000 S Total Assets 2,300 S Preterred Stock Common Stock Retained Earnings Total Stockholders Equity 181,000 5,000 Choose from any list or e 188,300 S All parts showing
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