HE ASSIGNMENT RESOURCES Pre-Class Chpt 11 CALCULATORPRINTER VERSION BACK NEXT Br

Question

HE ASSIGNMENT RESOURCES Pre-Class Chpt 11 CALCULATORPRINTER VERSION BACK NEXT Brief Exercise 11-10 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 $45,000, net income $450, beginning stockholders' equity $2,700, and ending stockholders equity $3,020. There were no dividends paid on preferred stock 2A Brief Exercise 11 12 Compute the return on common stockholders' equity. (Round answer to 2 decimal places, e.g. 12.56%.) Brief The return on common stockholders' equity ratio Exercise 11 (Part Level LINK TO TEXT INTERACTIVE TUTORIAL Review Score Revicw Results by Question Attempts : O of 3 used SAVE FOR LATER SUBMIT ANSWER

Explanation / Answer

Ans. Return on common stockholders' equity ratio = Net income / Average stockholders' equity * 100 450 / 2860 * 100 15.73% *Average stockholders' equity = (Beginning equity + Ending equity) / 2 (2700 + 3020) / 2 2860

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