Aladdin Grocer's 2019 balance sheet shows average stockholders' equity of $18,000 million, net operating profit after tax of $1,710 million, net income of $665 million, and common shares issued of $2,874 million.
The company has no preferred shares issued. Aladdin Grocer's return on common stockholders' equity for the year is:
A) 18.61%
B) 3.69%
C) 7.37%
D) 11.07%

Question

Quizplus · Accepted Answer

The Answer of Aladdin Grocer's 2019 balance sheet shows average stockholders' equity of $18,000 million, net operating profit after tax of $1,710 million, net income of $665 million, and common shares issued of $2,874 million.
The company has no preferred shares issued. Aladdin Grocer's return on common stockholders' equity for the year is:
A) 18.61%
B) 3.69%
C) 7.37%
D) 11.07%

Aladdin Grocer's 2019 Balance Sheet Shows Average Stockholders' Equity of $18,000