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SUPERVALU, one of the largest grocery retailers in the United states, is head quartered in Minneapolis .Suppose the following financial information was taken from the company's 2017 annual report: net sales $43,800, net income $390, beginning stockholders' equity $2,580, and ending stockholders' equity $2,895 There were no dividends paid on preferred stock. Compute the return on common stockholders. equity. (Round answer to 2 decimal places, e.g. 12.56%.)

SUPERVALU, one of the largest grocery retailers in the United states, is head quartered in Minneapolis .Suppose the following financial information was taken from the company's 2017 annual report: net sales $43,800, net income $390, beginning stockholders' equity $2,580, and ending stockholders' equity $2,895 There were no dividends paid on preferred stock. Compute the return on common stockholders. equity. (Round answer to 2 decimal places, e.g. 12.56%.)

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Need answer with 2 decimal places

SUPERVALU, one of the largest grocery retailers in the United states, is head quartered in Minneapolis .Suppose the following financial information was taken from the company's 2017 annual report: net sales $43,800, net income $390, beginning stockholders' equity $2,580, and ending stockholders' equity $2,895 There were no dividends paid on preferred stock. Compute the return on common stockholders. equity. (Round answer to 2 decimal places, e.g. 12.56%.)
Transcribed Image Text:SUPERVALU, one of the largest grocery retailers in the United states, is head quartered in Minneapolis .Suppose the following financial information was taken from the company's 2017 annual report: net sales $43,800, net income $390, beginning stockholders' equity $2,580, and ending stockholders' equity $2,895 There were no dividends paid on preferred stock. Compute the return on common stockholders. equity. (Round answer to 2 decimal places, e.g. 12.56%.)
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