Did the repurchase increase or decrease starbucks

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Starbucks reports net income for 2018 of $4,518.3 million. Its stockholders' equity is $5,450.1 million and $1,169.5 million for 2017 and 2018, respectively.

Problem a. Compute its Return On Equity for 2018.

Problem b. Starbucks repurchased over $7,208.7 million of its common stock in 2018. Did this repurchase increase or decrease Starbucks' ROE?

Problem c. If Starbucks had not repurchased common stock in 2018, what would ROE have been?

Reference no: EM132623492

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