Hawkeye, 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 2022 annual report: net sales $41,490, net income $380, beginning common stockholders' equity $2,649, and ending common stockholders' equity $2,882. Compute the return on common stockholders' equity. (Round answer to 1 decimal place, e.g. 10.5%.)

Hawkeye, 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 2022 annual report: net sales $41,490, net income $380, beginning common stockholders' equity $2,649, and ending common stockholders' equity $2,882. Compute the return on common stockholders' equity. (Round answer to 1 decimal place, e.g. 10.5%.)

Financial Accounting

15th Edition

ISBN:9781337272124

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter1: Introduction To Accounting And Business

Section: Chapter Questions

Problem 26E

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