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Leity Exploration Company reported these figures for 2024 and 2023: (Click the icon to view the partial financial reports.) Compute rate of retum on
Leity Exploration Company reported these figures for 2024 and 2023: (Click the icon to view the partial financial reports.) Compute rate of retum on common stockholders' equity for 2024 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 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 % Data table B 2024 2023 - X Income Statement-partial: $ 17,700 $ 19,400 Net Income Dec. 31, 2024 Dec. 31, 2023 Balance Sheet-partial: $ 324,000 $ 315,000 Total Assets Help me solve this De Clear all Check answer Preferred Stock $ EA 2,700 $ 2,700 Common Stock 175,000 9,000 173,000 4,500 Retained Earnings 186,700 $ 180,200 Total Stockholders' Equity
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