Question
Kroger's 2012 financial statements show average shareholders' equity of $4,632 million, net income of $602 million, interest expense of $435 million, and average total assets
Kroger's 2012 financial statements show average shareholders' equity of $4,632 million, net income of $602 million, interest expense of $435 million, and average total assets of $23,491 million. How much is Kroger's return on assets for the year? Assume that the statutory rate is 35%.
| A. | 10.7% | |
| B. | 0.6% | |
| C. | 3.8% | |
| D. | 9.4% | |
| E. | There is not enough information to calculate the ratio |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Vendor Audit Auditing Construction Contract Trust But Verify A Concise Guidebook On How To Execute Vendor Audit That Add Values To The Companys Bottom Line
Authors: Hin H Leong
1st Edition
1525554093, 978-1525554094
