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The following data are provided for Crane Corp's past two fiscal years: Additional information: On...

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Accounting

image The following data are provided for Crane Corp's past two fiscal years: Additional information: On May 1, 2024, 6400 common shares were issued. Although dividends had been declared regularly up to December 31, 2023, preferred dividends were NOT dedared during 2024. The market price of the common shares was \$100 at December 31, 2024. To the nearest percent, the rate of return on common shareholders' equity for 2024 is 24%. 20\%. 18%. 23%

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