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 2022 annual report: net sales $41,180, net income $ 409, beginning common stockholders' equity $ 2,637, and ending common stockholders' equity $2,888. Compute the return on common stockholders' equity. (Round answer to 1 decimal place, eg. 10.5%.)

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 2022 annual report: net sales $41,180, net income $ 409, beginning common stockholders' equity $ 2,637, and ending common stockholders' equity $2,888. Compute the return on common stockholders' equity. (Round answer to 1 decimal place, eg. 10.5%.)

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 53E: Rebert Inc. showed the following balances for last year: Reberts net income for last year was...

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