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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 $44,597, net income $393, beginning stockholders' equity $2,581, and ending stockholders' equity $2,887. There were no dividends paid on preferred stock. The return on common stockholders' equity is 14.37%.
Question 1: Provide a brief interpretation of the findings.
Financial Statement Analysis and Preparation
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