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The financial statements of Colorado Outfitters include the following selected data ($ in millions): sales, $8,893, net income, $190; beginning stockholders' equity, $1,919; and ending
The financial statements of Colorado Outfitters include the following selected data ($ in millions): sales, $8,893, net income, $190; beginning stockholders' equity, $1,919; and ending stockholders' equity, $1,724. Calculate the return on equity. (Enter your answer in millions. For example, $5,500,000 should be entered as 5.5. Round your intermediate calculations and final answers to 1 decimal place.) ($ in millions) Return on Equity Colorado Outfitters
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