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This exercise is built around Whole Foods Market’s financial statements from the chapter. Average common shareholders’ equity for 2012 was $3.397 billion, and a 40% income tax r…

This exercise is built around Whole Foods Market’s financial statements from the chapter. Average common shareholders’ equity for 2012 was $3.397 billion, and a 40% income tax r…
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This exercise is built around Whole Foods Market’s financial statements from the chapter. Average common shareholders’ equity for 2012 was $3.397 billion, and a 40% income tax rate should be used as needed. Refer to Exhibits 5.1 and 5.6 from the chapter. Whole Foods earned an ROA of 9.7% in 2012. What was ROCE that year?

User Adam Kimberley
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Answer: ROCE was 13.7% in 2012

Step-by-step explanation:

User Waterboy
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