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cupoosta [38]
3 years ago
12

This exercise is built around Whole Foods Market’s financial statements from the chapter. Average common shareholders’ equity fo

r 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?
Business
1 answer:
uysha [10]3 years ago
4 0

Answer: ROCE was 13.7% in 2012

Explanation:

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