Need answer SUPERVALU, one of the largest grocery retailers in the United states,is head quartered in Minneapolis .Suppose the following financialinformation was taken from the company's 2017 annual report: netsales $43,800, net income $390, beginning stockholders' equity$2,580, and ending stockholders' equity $2,895 There were nodividends paid on preferred stock.Compute the return on common stockholders. equity. (Round answerto 2 decimal places, e.g. 12.56%.)

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Answered: SUPERVALU, one of the largest grocery…

Financial Accounting

14th Edition

ISBN:9781305088436

Author:Carl Warren, Jim Reeve, Jonathan Duchac

Publisher:Carl Warren, Jim Reeve, Jonathan Duchac

Chapter17: Financial Statement Analysis

Section: Chapter Questions

Problem 17E

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SUPERVALU, 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 2017 annual report: net sales $45,400, net income $470, beginning stockholders' equity $2,740 and ending stockholders' equity $3,025. 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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