SUPERVALU, one of the largest grocery retailers in the United States, is headquartered in Minneapolis. The following
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SUPERVALU, one of the largest grocery retailers in the United States, is headquartered in Minneapolis. The following financial information (in millions) was taken from the company’s 2010 annual report. Net sales $44,597; net income $393; beginning stockholders’ equity $2,581; and ending stockholders’ equity $2,887. There were no dividends paid on preferred stock. Compute the return on common stockholders’ equity ratio. Provide a brief interpretation of your findings.
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Financial Accounting Tools for business decision making
ISBN: 978-0470534779
6th Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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