Kroger's 2012 balance sheet shows average shareholders' equity of $4,632 million, net income of $602 million, and common shares issued of $959 million. The company has no preferred shares issued. Kroger's return on common equity for the year is:   a) 13.00%   b) 2.74%   c) 36.5%   d) 14.62%   e) There is not enough information to calculate the ratio.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Kroger's 2012 balance sheet shows average shareholders' equity of $4,632 million, net income of $602 million, and common shares issued of $959 million. The company has no preferred shares issued. Kroger's return on common equity for the year is:

 

a) 13.00%

 

b) 2.74%

 

c) 36.5%

 

d) 14.62%

 

e) There is not enough information to calculate the ratio.

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