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Liberal Exploration Company reported these figures for 2024 and 2023: (Click the icon to view the partial financial reports.) Compute rate of return on common
Liberal 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.) Rate of return on common SE % Data table 2024 2023 Income Statement-partial: $ 18,000 $ Net Income 18,800 Dec. 31, 2024 Dec. 31, 2023 Balance Sheet-partial: $ 329,000 $ 312,000 Total Assets Preferred Stock $ 2,700 $ 2,700 Common Stock 176,000 3,000 171,000 2,500 Retained Earnings $ Total Stockholders' Equity 181,700 $ 176,200 Print Done wer
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