In response to complaints about high prices, a grocery chainruns

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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 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

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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

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