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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 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

%

Abhinav 03-Dec-2019

Answer (UnSolved)

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