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 companys 2017 annual report: net sales $43,900, net income $395, beginning stockholders equity $2,590, and ending stockholders equity $2,910. 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%.)

The return on common stockholders equity ratio

%

Click if you would like to Show Work for this question:

Open Show Work