In response to complaints about high prices, a grocery chain runs the following advertisin
In response to complaints about high prices, a grocery chain runs the following advertising campaign: “If you pay your child $1 to go buy $31 worth of groceries, then your child makes about twice as much on the trip as we do.” You’ve collected the following information from the grocery chain’s financial statements:
What is the child’s profit margin? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
Child’s profit margin %
What is the store’s profit margin? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
Store’s profit margin %
What is the store's ROE? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
ROE %
(millions)
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Sales
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$
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780.00
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Net income
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12.75
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Total assets
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385.00
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Total debt
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159.00
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|
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Abhinav
03-Dec-2019