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 company's 2017 annual report: net sales $45,100, net income $455, beginning stockholders' equity $2,710, and ending stockholders' equity $3,035. 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%.)
The return on common stockholders' equity ratio