Profitability Analysis for Casper Corp.
For the year ended September 29, 2012, Casper Corporation reported net income of $2,030 million. Total shareholders' equity on this date was $18,908 million, and on September 24, 2011, it was $19,663 million. No preferred stock was outstanding in either year.
Required:
1. Compute Casper's return on common stockholders' equity for the year ended September 29, 2012. Round your answer to two decimal places.