Home / Questions / In response to complaints about high prices, a grocery chainruns the following advertisin
In response to complaints about high prices, a grocery chainruns the following advertising campaign: “If you pay your child $9to go buy $100 worth of groceries, then your child makes twice asmuch on the trip as we do.” You’ve collected the followinginformation from the grocery chain’s financial statements: |
(millions) |
|||
Sales |
$ |
560.0 |
|
Net income |
|
25.2 |
|
Total assets |
|
460.0 |
|
Total debt |
|
330.0 |
|
|
|||
What is the profit margin forchild and store? (Do not round intermediate calculations.Enter your answers as a percent rounded to 2 decimal places, e.g.,32.16.) |
|
Profitmargin |
Child |
% |
Store |
% |
|
|
What is the store's ROE?(Do not round intermediate calculations.Enter your answer as a percent rounded to 2 decimal places, e.g.,32.16.) |
ROE |
% |
Dec 03 2019 View more View Less
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