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%.)

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%.)

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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