Question: Question 62 (of 100)> Save&Exlt Submit 62. 100 points Problem 3-29 Profit Margin [LO 2] In response to complaints about high prices, a grocery chain
Question 62 (of 100)> Save&Exlt Submit 62. 100 points Problem 3-29 Profit Margin [LO 2] In response to complaints about high prices, a grocery chain runs the following advertising campaign: "If you pay your child $1 to go buy $30 worth of groceries, then your child makes about twice as much on the trip as we do. Youve collected the following information from the grocery chain's financial statements: (millions) Sales Net income Total assets Total debt $ 788.00 13.15 405.00 161.00 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, .9 32.16.) ROE WA References eBook & Resources
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