Question
K Grocers' 2016 balance sheet shows average shareholders' equity of $9,264 million, net income of $1,505 million, and common shares issued of $1,918 million. The
K Grocers' 2016 balance sheet shows average shareholders' equity of $9,264 million, net income of $1,505 million, and common shares issued of $1,918 million.
The company has no preferred shares issued. K Grocers' return on common equity for the year is:
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Corporate Financial Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
15th Edition
978-1337398169
