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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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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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