Literal 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 "O" for any zero amounts. Round your answer to the nearest whole percent.) Preferred dividends Average common SE Rate of return on common SE Net income 16400 ( ) + % i Data Table 2024 2023 Income Statement-partial: 18.900 Net Income 16,400 $ Dec. 31, 2024 Dec. 31, 2023 Balance Sheet-partial: $ 312,000 Total Assets 329,000 $ $ Preferred Stock Common Stock Retained Earnings Total Stockholders' Equity 2,600 $ 180,000 12,000 2,600 171,000 4,500 178,100 $ 194,600 $ Print Done