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Current Attempt in Progress SUPERVALU, one of the largest grocery retailers in the United States, is headquartered in Minneapolis. Suppose the following financial information
Current Attempt in Progress 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 2025 annual report: net sales $43,300, net income $371, beginning stockholders' equity $2.500, and ending stockholders' equity $2,800. There were no dividends paid on preferred stock. Compute the return on common stockholders' equity (Round answer to 2 decimal places, eg. 12.56%) Return on common stockholders' equity ratio Current Attempt in Progress Culver Corporation recently hired a new accountant with extensive experience in accounting for partnerships. Because of the pressure of the new job, the accountant was unable to review what he had learned earlier about corporation accounting During the first month, he made the following entries for the corporation's capital stock May 2 Cash Capital Stock 100,100 100.100 Dssued 7,700 shares of $10 par value common stock at $13 per share) 10 Cash 583,000 Capital Stock 583,000 15 Bssued 11.000 shares of $20 par value preferred stock at 553 per share) Capital Stock 8.760 Cash 8.760 Purchased 730 shares of common stock for the treasury at $12 per share) On the basis of the explanation for each entry, prepare the entries that should have been made for the capital stock transactions Recond journal entries in the order presented in the problem. Credit account titles are automationly indented when amount is entered. Do not Indent manually. List all debit entries before credit entries. If no entry is required, select "No Entry for the account titles and enter O for the amounts) Date Account Titles and Explanation Debit Credit On the basis of the explanation for each entry, prepare the entries that should have been made for the capital stock transactions (Record journal entries in the order presented in the problems. Credit account titles are automatically indented when amount is entered. Do not Indent manually. List all debit entries before credit entries. If no entry is required, select "No Entry" for the account titles and enter O for the amounts Date Account Tities and Explanation Debit Credit
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