Profitability Analysis for Splendid Corp.

For the year ended September 26, 2015, Splendid Corporation reported net income of $2,870 million. Total shareholders' equity on this date was $18,698 million, and on September 27, 2014, it was $19,553 million. No preferred stock was outstanding in either year.

Required:

1. Compute Splendid's return on common stockholders' equity for the year ended September 26, 2015. Round your answer to two decimal places. fill in the blank 1 %

2. What other ratio would you want to compute to decide whether Splendid is successfully employing leverage?

Profitability Analysis for Splendid Corp. For the year ended September 26, 2015, Splendid Corporation reported net income of $2,870 million. Tot $19,553 million. No preferred stock was outstanding in either year. Required: 1. Compute Splendid's return on common stockholders' equity for the year ended September 26, 2015. 11.49 X % 2. What other ratio would you want to compute to decide whether Splendid is successfully employing lev Asset turnover ratio, because the excess of return on equity over the assets turnover ratio ind Feedback Check My Work To evaluate the use of leverage, consider the ratio utilizing the investment made by all providers o measure of the relationship between the income earned and the investment made by various grou