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Liberty Exploration Company reported these figures for 2024 and 2023: (Click the icon to view the partial financial reports.) Compute rate of return on common
Liberty Exploration Company reported these figures for 2024 and 2023: (Click the icon to view the partial financial reports.) Compute rate of return 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 2024 2023 Income Statement-partial: $ 15,900 $ 18,900 Net Income Dec. 31, 2024 Dec. 31, 2023 Balance Sheet-partial: $ Total Assets 329,000 $ 312,000 $ 2,700 $ 2,700 Preferred Stock Common Stock 179,000 10,000 171,000 2,000 Retained Earnings $ Total Stockholders' Equity 191,700 $ 175,700 Print Done
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