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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: |
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(millions) |
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Sales |
$ |
560.0 |
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Net income |
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25.2 |
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Total assets |
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460.0 |
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Total debt |
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330.0 |
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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.) |
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Profitmargin |
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Child |
% |
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Store |
% |
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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.) |
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ROE |
% |
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