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SUPERVALU, one of the largest grocery retailers in the United States, is headquartered in Minneapolis....

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Accounting

SUPERVALU, 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 companys 2022 annual report: net sales $43,400, net income $378, beginning stockholders equity $2,480, and ending stockholders equity $2,770. There were no dividends paid on preferred stock.

Compute the return on common stockholders equity. (Round answer to 2 decimal places, e.g. 12.56%.)

1) The return on common stockholders equity ratio %-------------

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