Hawkeye, one of the largest grocery retailers in the United States, is headquartered in Minneapolis. Suppose the following financial information (in millions) was taken from the company's 2022 annual report: net sales $41,490, net income $380, beginning common stockholders' equity $2,649, and ending common stockholders' equity $2,882. Compute the return on common stockholders' equity. (Round answer to 1 decimal place, e.g. 10.5%.)
Hawkeye, one of the largest grocery retailers in the United States, is headquartered in Minneapolis. Suppose the following financial information (in millions) was taken from the company's 2022 annual report: net sales $41,490, net income $380, beginning common stockholders' equity $2,649, and ending common stockholders' equity $2,882. Compute the return on common stockholders' equity. (Round answer to 1 decimal place, e.g. 10.5%.)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![Hawkeye, one of the largest grocery retailers in the United States, is headquartered in
Minneapolis. Suppose the following financial information (in millions) was taken from the
company's 2022 annual report: net sales $41,490, net income $380, beginning common
stockholders' equity $2,649, and ending common stockholders' equity $2,882.
Compute the return on common stockholders' equity. (Round answer to 1 decimal place, e.g.
10.5%.)
Return on common stockholder'equity
%](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F9d3c8d6e-bdea-4c4e-bba0-3166146d7301%2Fc237ba78-4c92-402c-98e8-e6aad4d01ee2%2Fgtvw0v_processed.gif&w=3840&q=75)
Transcribed Image Text:Hawkeye, one of the largest grocery retailers in the United States, is headquartered in
Minneapolis. Suppose the following financial information (in millions) was taken from the
company's 2022 annual report: net sales $41,490, net income $380, beginning common
stockholders' equity $2,649, and ending common stockholders' equity $2,882.
Compute the return on common stockholders' equity. (Round answer to 1 decimal place, e.g.
10.5%.)
Return on common stockholder'equity
%
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