For the year ended December 31, 2011, Canada Bread Company, Limited reported (in thousands) net revenue $1,595,456;

Question:

For the year ended December 31, 2011, Canada Bread Company, Limited reported (in thousands) net revenue $1,595,456; profit $51,951; beginning shareholders' equity $638,995; and ending shareholders' equity $663,602.
(a) Calculate the return on equity.
(b) Canada Bread has no preferred shares. Would its return on common shareholders' equity be the same as, or different from, its return on equity? Why?