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(Solved): SUPERVALU, one of the largest grocery retailers in the United States, is headquartered in Minneapo ...



SUPERVALU, one of the largest grocery retailers in the United States, is headquartered in Minneapolis. Suppose the following Sheridan Corporation reports net income of \( \$ 552,250 \) and a weighted-average of 235,000 shares of common stock outstand

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 2022 annual report: net sales \( \$ 41,940 \), net income \( \$ 419 \), beginning common stockholders' equity \( \$ 2,635 \), and ending common stockholders' equity \( \$ 2,878 \). Compute the return on common stockholders' equity. (Round answer to 1 decimal place, e.g. 10.5\%.) Return on common stockholders' equity \( \% \) Sheridan Corporation reports net income of \( \$ 552,250 \) and a weighted-average of 235,000 shares of common stock outstanding for the year. Compute the earnings per share of common stock. (Round answer to 2 decimal places, e.g. 2.25.) Earnings per share \( \$ \)


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