11-12 a2

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 companys 2022 annual report: net sales $44,597, net income $393, beginning stockholders equity $2,581, and ending stockholders equity $2,887. There were no dividends paid on preferred stock. The return on common stockholders equity is 14.37%. Provide a brief interpretation of your findings.