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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
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 stockholders' equity for 2018. (Abbreviation used: SE stockholders' equity. answer to the nearest whole percent.) Rate of return on common SE % 2018 2017 Income Statement-partial: $ 15,500 $ 18,700 Net Income Dec. 31, 2018 Dec. 31, 2017 Balance Sheet-partial: Total Assets Preferred Stock Common Stock Retained Earnings 69 $ 327,000 $ 316,000 69 $ 2,700 $ 2,700 180,000 169,000 12,000 4,500 699 $ 194,700 $ 176,200 Total Stockholders' Equity Print Done
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