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Business, 06.07.2019 01:10 explained1256

Krogen grocer’s 2016 balance sheet shows average stockholders’ equity of $12,000 million, net operating profit after tax of $1,140million, net income of $380 million, and common shares issued of $1,916 million. the company has no preferred shares issued. krogen grocer’s return on common stockholders’ equity for the year is: a) 15.97% b) 3.17% c) 6.33% d) 9.50%

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