Big K Grocer's balance sheet shows average stockholders' equity of $5,000 million, net operating profit after tax of $57 million, net income of $190 million, and common shares issued of $958 million. The company has no preferred shares issued.
Big K Grocer's return on common stockholders' equity for the year is:
A) 1.10%
B) 3.80%
C) 72.90%
D) 7.30%
E) There is not enough information to calculate the ratio.

Question

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The Answer of Big K Grocer's balance sheet shows average stockholders' equity of $5,000 million, net operating profit after tax of $57 million, net income of $190 million, and common shares issued of $958 million. The company has no preferred shares issued.
Big K Grocer's return on common stockholders' equity for the year is:
A) 1.10%
B) 3.80%
C) 72.90%
D) 7.30%
E) There is not enough information to calculate the ratio.

Big K Grocer's Balance Sheet Shows Average Stockholders' Equity of $5,000