$($a$1)$

Calculate the return on shareholders' equity for Ivanhoe in $2024.$ Note that Ivanhoe's articles of incorporation authorize only common shares. The average return for the shares listed on the Toronto Stock Exchange in a comparable period was $19\mathrm{.}8\%.($Round answer to $1$ decimal place, e$.$g$.15\mathrm{.}2\%)$

Return on shareholder's equity

Ivanhoe Corporation's suite of software products and services provides secure and scalable solutions for global companies. The following is an extract from the company's $2024$ and $2023$ comparative income statements and statement of financial position. The market price of Ivanhoe's common shares was $$40\mathrm{.}75$ and $$37\mathrm{.}90$ on June $30,2024,$ and June $30,2023,$ respectively. Ivanhoe declared dividends per common share of $$0\mathrm{.}475$ and $$0\mathrm{.}418$ for $2024$ and $2023,$ respectively.

IVANHOE CORPORATION

Years Ended June $30,2024$ and $2023$

$\backslash$table$[[($in thousands$),,],[$Comparative Income Statement,$2024,2023],[$Total revenues,$$2,297,750,$$$1,814,709$